News Details
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...
Full Story »
Full Story »
2y ago from Formula1News.co.uk
0
You May Also Be Interested In...
FIA president issues unusual warning after Saudi...
FIA president Mohammed Ben Sulayem is 'cautious' about a reported...
2y ago from Formula1News.co.uk
F1 and Liberty Media furious: 'Ben Sulayem went beyond...
Formula 1 and Liberty Media have sent a critical letter to the FIA in...
2y ago from GPBlog.com
Formula 1 and Liberty Media send angry letter to FIA:...
Formula 1 and Liberty Media have sent a critical letter to the FIA in...
2y ago from GPBlog.com
F1 and Liberty Media furious: 'This oversteps the...
Formula 1 and Liberty Media have sent a critical letter to the FIA in...
2y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Honda test rider Takaaki Nakagami to replace Luca...
Honda test rider Takaaki Nakagami has been announced as a replacement for...
14h ago from MotorsportWeek.c...
Pirelli to hold first MotoGP test in Misano with test...
No description available...
1d ago from Motorsport.com
Watch: Motorsport takes a ride in the MotoGP safety car
No description available...
1d ago from Motorsport.com
Why Marc Marquez stressed his Ducati is identical to...
No description available...
5d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar breaks 1 million US TV viewers for third...
The NTT IndyCar Series is nearly through the first year with its new...
6h ago from MotorsportWeek.c...
After first oval win, does Kyle Kirkwood see himself...
No description available...
5h ago from Motorsport.com
Christian Rasmussen "not surprised" to earn...
No description available...
9h ago from Motorsport.com
Video: Harrowing crash takes out Josef Newgarden,...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
4d ago from Motorsport.com
FIA approves updated bodywork rules for WRC 2027...
No description available...
1w ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal target two Premier League central defenders...
Arsenal have plenty to do in attack this summer, but they are still keen...
7h ago from FreshArsenal.com
Leipzig's Sesko price tag revealed amid Arsenal...
RB Leipzig want a deal worth somewhere between £68.4m (€80m)...
6h ago from SkySports.com
'I'd have him for sure' – Arsenal backed to sign...
Arsenal want to sign a new left winger this summer, and they have been...
8h ago from CaughtOffside.com
Arsenal hold genuine interest in Real Madrid star; Los...
Arsenal are reportedly keen to snap up Real Madrid attacker Rodrygo Goes....
6h ago from SportsKeeda.com
Comments
Hottest News
Red Bull chief Christian Horner tipped for seismic F1 team...
Red Bull’s team principal Christian Horner has... Read More »
11h ago from GPFans.com
Menswear Guy DESTROYS F1 drivers for red carpet...
The reviews are in. And they are not good. Not... Read More »
6h ago from GPFans.com
Aston Martin contract war heats up as Verstappen future...
Aston Martin F1 team are reportedly interested in... Read More »
8h ago from GPFans.com
