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Marko questions whether Saudis should own F1
Jan.30 Outspoken Formula 1 team official Dr Helmut Marko has broken ranks to question whether the sport should be sold to Saudi Arabia. Last week, the sport's current commercial rights holders Liberty Media lashed out at FIA president Mohammed Ben Sulayem's alleged 'unacceptable' interference in F1's financial affairs. It followed the emergence of reports that Saudi Arabia's Public Investment Fund had offered Liberty an enormous $20 billion for the rights. Liberty Media acquired Formula 1 for around $4.6 billion in 2017, prompting Ben Sulayem to hit out at the 'inflated' valuation and the associated risk of higher ticket prices. F1 teams have kept a low profile on the matter since the...
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