Formula 1 gross sales? President of the FIA ​​at the alleged request of Saudi Arabia

(Motorsport-Total.com) – Recently, the information company “Bloomberg” made a noise in the world of Formula 1. Saudi Arabia is enthusiastic about shopping for Liberty Media’s top quality by means of its sovereign wealth fund PIF (Public Investment Fund).

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Crown Prince Mohammed bin Salman of Saudi Arabia and Formula 1 boss Stefano Domenicali

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There is speak of a US$20 billion (about €18.4 billion) provide, which Liberty has rejected. The numbers and Saudi curiosity haven’t been formally confirmed, however the FIA ​​has now commented on the rumours.

President Mohammed bin Sulayem tweeted on Monday that the FIA ​​was “cautious” about the $20 billion price ticket given to Formula 1.

He doesn’t identify particular names, however writes: “Any potential purchaser ought to be cheap and think about the nice advantages of the sport and have a transparent, sustainable plan – not only a lot of cash.”

Bin Sulayem mentioned the alleged provide was “extreme”.

“It is our responsibility to contemplate the future affect on the promoters in phrases of greater racing charges and different industrial prices and any unfavorable affect it could have on followers,” mentioned the FIA ​​president.

Liberty Media purchased Formula 1 in 2017 for $4.4 billion, so if the reported numbers are appropriate, it may nearly quintuple the worth at the moment. Bin Sulayem fears that the new house owners could recoup the cash elsewhere.

The FIA ​​president instructed English-language Motorsport.com about the proposed proposal: “To be sincere, it’s [die Zahl] extreme. This is an exaggeration. Use of widespread sense: This [die Formel 1] Is it that a lot?”

Someone who pays that a lot for a product will in some locations make it costlier “to get the a reimbursement,” he explains. For instance, promoters could pay even greater charges to Formula 1 to host a race in the future.

“I’m taking a look at the rationale behind it, the logic behind it. Because you want a plan,” he says of potential patrons, explaining: “So far it is only a hearsay. But I feel the FIA ​​ought to be half of it. It’s going to be a negotiation or a session.” provides “.

Not simply cash to a possible purchaser

“Because the FIA ​​owns the championship,” he famous. However, the world motoring affiliation offered the industrial rights to Formula One in 2001, then beneath Max Mosley, for a cool US$300 million in a one-off 100-year deal.

For Bin Sulayem, the relationship doesn’t match right here. “If I had $20 billion [für die Formel 1] then I feel the FIA ​​fell quick,” he says, referring to the sale of industrial rights to Bernie Ecclestone at the time.


Photo gallery: “We are mafia”

“When you consider them, these numbers do not make any sense,” he insists, including that he additionally desires “readability” on how Formula 1 will proceed. Because a possible purchaser should deliver a plan and “extra than simply cash.”

Saudi Arabia’s PIF beforehand owned English soccer membership Newcastle United, and just lately WWE was rumored to be enthusiastic about shopping for the world’s largest wrestling league.

So far, neither Formula 1 nor Saudi Arabia have formally commented on the hypothesis about the sale of the premier class.

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