News Details
Analysis: F1’s ‘Don King Clause’ could block sale of F1’s rights
Article To news overview © XPBimages FIA President Mohammed Ben Sulayem has cautioned prospective purchasers of Formula 1’s commercial rights from current holder Liberty Media to exercise due diligence before committing a reported bid of $20bn (£18bn) on acquiring the remaining 88 years of what was originally a 113-year lease expiring on 31 December 2110. The Emirati’s warning comes after financial media agency Bloomberg on Thursday reported that Saudi Arabia’s Public Investment Fund had been in talks to acquire the lease, claiming these faltered last year. The report stated an offer of $20bn including debt had been made, adding that the talks had not been verified by either party....
Full Story »
Full Story »
3y ago from RacingNews365.com
0
You May Also Be Interested In...
Saudi Arabia wealth fund explored $20b F1 bid –...
Saudi Arabia’s sovereign wealth fund considered an attempt to buy...
3y ago from MotorsportWeek.com
Saudi Arabia wealth fund explored bid for Formula 1
Saudi Arabia's sovereign wealth fund reportedly held talks with Formula 1...
3y ago from F1i.com
Saudi Arabia wealth fund explored $20M bid for Formula...
Saudi Arabia's sovereign wealth fund reportedly held talks with Formula 1...
3y ago from F1i.com
Former backer says ‘no one' wanted to fund de...
Jan.20 The man suing Formula 1 rookie Nyck de Vries over a contract...
3y ago from OneStopStrategy.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia just trying to "survive"...
No description available...
11h ago from Motorsport.com
Jorge Martin reveals how Marco Bezzecchi pushed him...
Jorge Martin admits that Aprilia team-mate Marco Bezzecchi is pushing him...
13h ago from MotorsportWeek.c...
Francesco Bagnaia: MotoGP should hold a test before...
Francesco Bagnaia has called on MotoGP to hold a test before racing at a...
15h ago from MotorsportWeek.c...
Marco Bezzecchi ‘won’t consider himself title...
No description available...
14h ago from Motorsport.com
Popular On IndyCarToday.com
Winners and losers from IndyCar at Barber Motorsports...
No description available...
10h ago from Motorsport.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
2d ago from Motorsport.com
Pato O’Ward left searching for answers after...
No description available...
1d ago from Motorsport.com
Christian Lundgaard left frustrated by costly pit stop...
Christian Lundgaard finished second in Sunday’s IndyCar race from...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Former FIA vice president and WRC boss Morrie Chandler...
No description available...
2d ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
5d ago from Motorsport.com
How Toyota’s new flying Finn is starting to make WRC...
No description available...
5d ago from Motorsport.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
“I really like Arsenal”: 11-G/A star issues...
Brazilian attacker Luiz Henrique has been linked with a move to Arsenal in...
5h ago from CaughtOffside.com
Liverpool in contact with reps of 40-G/A star as...
Real Madrid playmaker Arda Guler continues to be linked with a move away...
12h ago from CaughtOffside.com
Arsenal keen on signing teenage Bundesliga striker to...
Arsenal are allegedly interested in signing Bayer Leverkusen star...
13h ago from SportsKeeda.com
'I'm thinking about…' – Man United,...
Nottingham Forest central midfielder Elliot Anderson insists he's only...
21h ago from CaughtOffside.com
Comments
Hottest News
Lewis Hamilton and Ferrari to receive power unit 'boost' in...
Lewis Hamilton and the rest of the Ferrari gang... Read More »
10h ago from GPFans.com
Franco Colapinto management issues abuse warning as...
Catch up on the biggest news stories of the day... Read More »
7h ago from RacingNews365.com
How Lewis Hamilton spent break with A-list star
How seven-time F1 champion Lewis Hamilton spent... Read More »
6h ago from GPFans.com
