FIA chief warns of dire consequences of Saudi takeover

In 2021, the Formula 1 race was held in Saudi Arabia for the primary time. Crown Prince Mohammed bin Salman is touring the principle forged.Image: imago pictures/Autosport pictures

Autosport

Yannick Sauer

Formula 1 is at the moment experiencing an unprecedented growth. The racing collection opens up huge markets like China and USA. Especially within the States, the hype surrounding the premier class of motorsports is large – additionally as a result of enormous success of the Netflix collection “Drive to Survive”, which can premiere its fifth season on February 24.

The first photos of the fifth season of “Drive to Survive” are already accessible. Video: YouTube/Netflix

For US media firm Liberty Media, which has owned the rights to Formula 1 since 2016, the funding appears to have paid off. At the time, the Americans paid Bernie Ecclestone’s firm $4.4 billion – now stated to be 5 occasions what the racing collection is price.

Recently, the information company Bloomberg reported that Saudi Arabia needs to purchase Formula 1 from Liberty Media for 20 billion {dollars}.

The cash ought to come from Saudi Arabia’s state-owned PIF (Public Investment Fund), from which the Sheikh’s regime purchased the English soccer membership Newcastle United.

The watson app to your smartphone

Do you want studying Watson? Get our information app in your smartphone now – without cost, of course! Click right here for the Apple app and right here for the Playstore app. And in order for you extra, observe us now on Instagram.

Liberty rejected the provide, in response to Bloomberg. So far, neither Formula 1 nor Saudi Arabia have commented on the rumours. The FIA, the world motorsport affiliation, is already within the particular person of its president, Mohammed Ben Sulayem.

FIA chief Ben Sulayem warned of consequences for followers

Although he couldn’t verify this data both, he defined what he thinks concerning the FIA’s alleged takeover plans. “Any potential purchaser should be affordable and take into account the better good of the game and have a transparent, sustainable plan – not only a lot of cash,” warns Ben Sulayem, with out specifying specifics.

The head of the FIA ​​continues: “Our activity is to offer the promoters with excessive racing charges and different business prices and any unfavourable influence it could have on followers“.

In an interview with the English-language portal Motorsport.com, he explains his considerations: An individual who has paid a lot for a product will in some locations make it costlier “to get the cash again”. Promoters might then pay extra to host matches and could also be compelled to move on new charges to followers, for instance within the type of greater ticket costs.

Sulayem considers the proposed proposal “extreme”.

The head of the FIA ​​assessed the alleged provide of the Saudis as “extreme”. “To wit: Is Formula 1 that costly?” he asks in an interview with Motorsport.com.

Ben Sulayem additionally stresses that his motorsport neighborhood ought to be on the desk for attainable discussions concerning the future of Formula 1. “For now it is only a hearsay. But I feel the FIA ​​ought to be half of these talks or give recommendation.”

Compared to the primary half of the 2020/21 season, Schalke 04 have been much less disappointing this season. Unfortunately, as a consequence of lowered expectations. Objectively, Schalke was no higher: in 15 video games, the miners collected solely 9 factors, in comparison with seven factors within the first half of the season two years in the past (17 video games).

Leave a Comment

Your email address will not be published. Required fields are marked *