Saudi Arabia’s sovereign wealth fund PIF is claimed to wish to purchase Formula 1, and there’s discuss of a $20 billion bid. Now FIA President Mohammed Ben Sulayem spoke.
Saudi Arabia’s sovereign wealth fund PIF (Public Investment Fund) desires to purchase Formula 1? The fund, which has already invested within the English soccer membership “Newcastle United”, goes to supply $20 billion to Liberty Media.
Liberty Media is claimed to have rejected the provide. Liberty Media offered Formula 1 in 2017 for $4.4 billion – a sale that will be a really profitable deal if the reported buy worth is right.
FIA President Mohammed Ben Sulayem has now commented on the rumours.
As a non-profit organisation, the FIA is cautious in terms of the “exorbitant US$20 billion worth tags imposed on Formula 1”, the top of the world affiliation mentioned.
“Any potential purchaser ought to use frequent sense, take into account the better good of the game and have a stable, sustainable plan, not some huge cash,” Ben Sulayem wrote on Twitter.
Ben Sulayem’s concern: the brand new proprietor will attempt to get well the cash paid in numerous locations. “It is our accountability to keep in mind any adverse influence this will likely have on the followers by way of larger race charges and different industrial prices to the promoters,” the FIA president continued.
(*1*)Formula 1 2023
February 3: Red Bull Racing in New York
February 6: Williams on-line
February 7: Alfa Romeo in Zurich
February 11: AlphaTauri in New York
February 13: McLaren at Woking
February 13: Aston Martin at Silverstone
February 14: Ferrari at Maranello
February 15: Mercedes at Silverstone
February 16: Alpine in London
February 23-25: Bahrain International Circuit
Formula 1 World Championship calendar
05.03. Bahrain GP, Bahrain International Circuit, Sahir
19.03 Saudi Arabian GP, Jeddah Corniche Circuit, Jeddah
02.04. Australian GP, Albert Park Circuit, Melbourne
04/30 Azerbaijan GP, Baku City Circle, Baku *
07.05. Miami GP, Miami International Speedway, Miami
21.05 Emilia Romagna GP, Autodromo Enzo and Dino Ferrari, Imola
28.05 Monaco GP, Circuit de Monaco, Monte Carlo
04.06. Spanish GP, Circuit de Barcelona-Catalonia, Montmelo
18.06 The Canadian Doctor, Circuit Gilles Villeneuve, Montreal
02.07. Austrian GP, Red Bull Ring, Spielberg *
09.07. British GP, Silverstone Circuit, Silverstone
23.07. (*20*) GP, Hungary, Budapest
07/30 Belgian GP, Circuit de Spa-Francorchamps, Spa*
27.08 Netherlands GP, Circuit Zandvoort, Zandvoort
03.09. Italian GP, Autodromo Nazionale di Monza, Monza
17.09 Singapore GP, Marina Bay Street Circuit, Singapore
24.09 Japan GP, Suzuka International Racing Course, Suzuka
08.10. Qatar GP, Losail International Circuit, Doha *
22.10. Austin GP, Circuit of the Americas, Austin *
29.10. Mexican GP, Autodromo Herman Rodriguez, Mexico City
05.11. Brazilian GP, Autodromo José Carlos Pace, Interlagos *
18.11. Las Vegas GP, Las Vegas Street Circuit, Las Vegas
26.11 Abu Dhabi GP, Yas Marina Circuit, Yas Island
* Sprint format