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This is why Liberty Media rejected Saudi Arabia's F1 takeover bid
FIA president Mohammed Ben Sulayem has stunned Formula 1 after taking to social media to state that the sport isn't worth £16 billion, following a reported failed takeover attempt by Saudi Arabia a year ago. Ben Sulayem released three tweets entailing what a potential Formula 1 buyer should consider, with many now questioning if the FIA president has overstepped his role as regulator. The current owners of F1, Liberty Media, failed to comment on the story, which was reported by Bloomberg, with the American company having owned the sport since 2017, following a $4.6 billion takeover. Sources are suggesting that the story isn't completely accurate, with the reported fee having been...
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1y ago from Formula1News.co.uk
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