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Selling F1 to Saudi Arabia “not in our cards”, insists Liberty Media CEO
Liberty Media CEO Greg Maffei says F1's commercial rights holder has no plans to sell the sport to Saudi Arabia, insisting the idea is “not in our cards”. Earlier this year there were reports that F1 could be sold to the Saudi Arabia Public Investment Fund for an astonishing $20bn. According to Bloomberg, the bid was made in 2022, with Saudi Arabia “open to raising it”. F1 cancel Emilia Romagna Grand Prix â Video of F1 cancel Emilia Romagna Grand Prix â The speculation about a bid resulted in a surprise statement from FIA president Mohammed Ben Sulayem, who called for “common sense”. Liberty Media reject Saudi Arabia's $20 billion bid to buy F1 “As the custodians of...
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