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FIA president calls alleged $20B valuation of F1 'inflated price tag'
FIA president Mohammed Ben Sulayem says he is skeptical of the $20B valuation allegedly put on Formula 1 by Saudi Arabia sovereign wealth fund, calling the number an "inflated price tag". Last week, a report from Bloomberg claimed that Saudi Arabia's Public Investment Fund had tabled last year an offer to acquire Formula 1 from Liberty Media for an amount in excess of $20 billion, including debt. Such a deal would equate to a handsome return on investment for the sport's current commercial rights holder as Liberty bought Formula 1 lock, stock and barrel for $4.4 billion in early 2017. Despite the alleged hefty premium, Liberty rejected the offer and made clear to Saudi Arabia's...
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