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‘In reality': Formula 1 addresses Saudi Arabia rumour
Liberty Media CEO Greg Maffei has stated that Formula 1 is not for sale amid media speculation that Saudi Arabia could make a $20 billion bid for the commercial rights to the sport. Formula 1 has been booming in popularity around the globe, reflected in the addition of two new American races on the season calendar in recent years. “I consider that to be mere speculation, but the matter still made waves,” Saudi Arabia’s sports minister Prince Abdulaziz bin Turki bin Faisal bin Abdulaziz Al Saud said. “Given the situation in the stock market, the likelihood that in the short term we decide to sell is extremely unlikely,” Maffei stated in an investment call. Want to work in Formula...
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3y ago from Formula1News.co.uk
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