News Details

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...
Full Story »
Share

You May Also Be Interested In...

FIA ‘only rented out' F1 rights – president

Jan.26 FIA president Mohammed Ben Sulayem insists that Formula 1's...
1y ago from OneStopStrategy.com

F1 warns FIA president over buyout comments

Jan.25 The current owners of Formula 1 have lashed back at the president...
1y ago from OneStopStrategy.com

Liberty Media most valuable sports empire according to...

Forbes names Liberty Media, Formula 1's commercial rights holder, as the...
1y ago from GPBlog.com

Analysis: F1’s ‘Don King Clause’ could block...

Article To news overview © XPBimages FIA President Mohammed Ben Sulayem...
1y ago from RacingNews365.com

Elsewhere On The Network

Popular On MGPToday.com

Quartararo: Marquez's Honda exit ‘woke a lot of...

Fabio Quartararo believes Marc Marquez's exit from Honda last term 'woke a...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

‘Be kind’: Ben White’s agent makes appeal to...

t;li>Player asked not to be considered for England selection in...
1h ago from TheGuardian.com

Arsenal transfer news: Vlahovic links, Partey's...

This article was originally published on the Daily Briefing, a...
2h 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.