News Details

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...
Full Story »
Share

You May Also Be Interested In...

Revealed: Saudi government tried to purchase Formula 1...

The influence of the Middle East in Formula 1 is continuing to grow year...
1y ago from Formula1News.co.uk

FIA president calls for ‘common sense' amid $20b...

FIA president Mohammed Ben Sulayem says that any potential suitor...
1y ago from MotorsportWeek.com

Angered F1 chiefs issue letter to FIA after Ben...

Formula 1 bosses have reportedly sent a letter to the FIA taking aim at...
1y ago from MotorsportWeek.com

Las Vegas GP 'worth $1 BILLION' as economic impact of...

Las Vegas Grand Prix CEO Renee Wilm has revealed that an independent...
1y ago from GPFans.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

Ex-Arsenal star urges club to accept £15m Newcastle...

Former Arsenal player Emmanuel Petit has urged the club to accept a bid of...
14m ago from CaughtOffside.com

Arsenal transfer news: Arteta contract plus future...

This article was originally published on the Daily Briefing, a...
1h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.