Formula 1’s mud fight is heating up – the FIA ​​president has brought the last straw

FIA president Mohammed bin Sulayem (left, with FIFA chief Infantino) disagreed with Formula 1 rights holder Liberty Media. Image: IMAGO/Mandoga Media

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Yannick Sauer

Formula 1 is one million greenback enterprise. Eight months a yr, groups fly round the world and compete on virtually each continent. Next season, Formula 1 will host 23 Grands Prix for the first time – by no means earlier than.

Although all this consumes some huge cash, the racing sequence is very profitable. Bloomberg Liberty Media, the American media firm that owns the business rights to Formula 1, revealed its enterprise figures for 2022 last November and did so. 715 million {dollars} had been reported.

ARCHIVE - September 4, 2022, Zandvoort, Netherlands: Motorsport: Formula 1 World Championship, Dutch Grand Prix - the race will remain on the program until 2025 (dpa:

Formula 1 is at present experiencing an actual growth.Photo: dpa / Hasan Bratic

Where a lot cash is concerned, an influence wrestle is virtually inevitable. Formula 1 additionally has behind the scenes A dispute over jurisdiction between rights holder Liberty Media and the FIA, the world’s motorsport affiliation, has raged for years. The battle-ridden historical past of the two sides lately added a brand new chapter – which, because it seems, could finish up in court docket.

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According to Liberty Media, FIA president Mohammed Ben Sulayem has induced financial injury to Formula 1. On Monday, he took to Twitter to remark broadly on rumors that Saudi Arabia’s sovereign wealth fund needs to purchase Formula One for $20 billion.

The FIA ​​president’s tweet has penalties

In his assertion, he urged Saudis to be smart earlier than shopping for and to have a stable, sustainable plan, not simply some huge cash. He additionally described the estimated $20 billion price ticket as “extreme.”

Liberty Media believes that Ben Sulayem went too far with this pointless intervention. The American firm instructed its attorneys to write down a letter to the FIA, “Sport1” reviews. Accordingly, it says:

“The FIA ​​has given an unequivocal dedication that it’s going to not take any motion that impacts the possession, administration and/or train of business rights. We consider that these feedback made by the official FIA social community account. Presidents are interfering with these rights in an unacceptable method.”

The FIA ​​additionally maintains that Liberty “could also be held liable” for any damages induced.

Sport1 claims it is aware of Liberty Media is considering promoting Formula 1 to the Saudis subsequently hoping to attain most revenue. So they have to now take motion in opposition to Ben Sulayem, who threatened to interrupt the deal for them.

It is stated that Liberty needs to ship out Ben Sulayem

The sports activities information company additionally speculated that the FIA ​​president, who has taken a good view of racing situations in Saudi Arabia, could also be on a mission to drive down costs for potential Saudi patrons.

As such, Liberty is already wanting internally at Ben Sulayem’s seat and attempting to ascertain British David Richards as his successor at the FIA. Richards was a group director at Benetton and BAR.

Schalke 04 has been in a downward spiral for nearly three years now. Although Knapp have been promoted again to the Bundesliga this season, they’re at present at the backside of the desk. Thomas Reisz’s facet had been embarrassed in opposition to RB Leipzig on Tuesday.

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