The triangle between world motorsport’s FIA, the Formula 1 affiliation and industrial rights holder Liberty Media is straining: FIA chief Mohammed Ben Sulayem is beneath fireplace.
Formula 1 is booming, and it is fueling the will. Saudi Arabia’s sovereign wealth fund PIF (Public Investment Fund) needs to purchase Formula 1, with a rumored provide of $20 billion. Liberty Media, the present industrial rights holder, purchased Formula 1 in 2017 for $4.4 billion.
Saudi Arabia’s Crown Prince Mohammed bin Salman has set a sovereign wealth fund the duty of managing $1.1 trillion in property by 2025 (as we speak it is greater than $400 billion). He needs to make PIF “a world funding powerhouse and the associate of selection for revolutionary and transformative firms world wide.”
After that, the President of the World Motor Sports Association (FIA), Mohammed Ben Sulayem, spoke with out being requested. The World Automobile Association, as a non-profit group, is cautious with regards to the exorbitant worth tags of the US$20 billion invested in Formula 1. Any potential purchaser ought to use widespread sense, take into account the higher good of the game and have a strong, sustainable plan, not some huge cash,” Ben Sulayem wrote on Twitter.
“Our accountability is to think about the long run affect on promoters when it comes to larger racing charges and different industrial prices and any damaging affect it might have on followers,” continued the 61-year-old FIA chief.
Only: The FIA granted the correct to make use of the industrial rights of Formula 1 to “Formula 1 Group” in 2001 for a interval of 100 years.
Responding to the FIA chief’s tweet, Liberty Media and F1 Group stated in a joint assertion that “such statements are an unacceptable interference with our rights. “Such feedback undermine the worth of Liberty Media Corporation,” the assertion stated. The FIA famous that it may even face authorized motion for exceeding its mandate.
Further: “The FIA gave an unequivocal enterprise at the moment that it will not do something that might have an effect on the possession, administration and/or use of those rights.”
It is unclear why Mohammed Ben Sulayem had a lot involvement with the place. A conspiracy concept is circulating on the Internet that the worth of Formula 1 rights must be lowered with focused statements. It has been reported on the Internet that Liberty Media needs one other FIA boss. Someone who would not at all times touch upon all the pieces and everybody.
These are all assumptions that must be seen with warning. One factor is obvious: the place of a number of rally champion Ben Sulayem, who will succeed Jean Todt as FIA president in December 2021, will solely be in danger if the person from Dubai is confirmed to have executed one thing mistaken.
Formula 1 2023
January 31: Haas F1 Online
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
winter take a look at
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. Hungarian 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