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FIA president issues unusual warning after Saudi interest in buying F1 emerges
FIA president Mohammed Ben Sulayem is 'cautious' about a reported $20 billion offer from Saudi Arabia to buy Formula 1, with Bloomberg having reported that an attempt to buy the sport from Liberty Media was made last year. According to Bloomberg, the offer was rejected by the current owners of Formula 1, who bought the sport themselves in 2017 for $4.6 billion. Had Liberty Media accepted the deal, then it would've seen them make an astonishing $15.4 billion, with Ben Sulayem believing that the price tag was 'inflated'. The FIA president seemingly doesn't believe that the sport is worth $20 billion, a figure that does seem somewhat ridiculous given that, as mentioned, it was...
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1y ago from Formula1News.co.uk
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