The Formula 1 mud pit is getting tense – the FIA ​​president has made the final straw

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

system 1

Yannick Sauer

Formula 1 is 1,000,000 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 collection is very profitable. Bloomberg Liberty Media, the American media firm that owns the industrial rights to Formula 1, revealed its enterprise figures for 2022 final November and did so. 715 million {dollars} had been reported.


Formula 1 is at the moment 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 not too long ago added a brand new chapter – which, because it seems, might find yourself in court docket.

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According to Liberty Media, FIA president Mohammed Ben Sulayem has triggered financial injury to Formula 1. On Monday, he took to Twitter to remark broadly on rumors that Saudi Arabia’s sovereign wealth fund desires 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 strong, 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 legal professionals to jot down a letter to the FIA, “Sport1” stories. 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 economic rights. We imagine 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 triggered.

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

It is mentioned that Liberty desires to ship out Ben Sulayem

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

As such, Liberty is already trying internally at Ben Sulayem’s seat and making an attempt to ascertain British David Richards as his successor at the FIA. Richards was a workforce director at Benetton and BAR.

Toni Kroos has repeatedly acknowledged that he desires to complete his profession at Real Madrid. For instance, earlier than the Champions League sport towards Celtic Glasgow in November, the 33-yr-previous: “I’ll all the time keep right here, I’ll retire right here. I simply do not know when.”

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