The head of the FIA ​​warns of the dire consequences of the Saudi takeover

In 2021, the Formula 1 race was held in Saudi Arabia for the first time. Crown Prince Mohammed bin Salman walks the most important line-up.Image: imago pictures/Autosport pictures

Autosport

Yannick Sauer

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

The first footage of the fifth season of “Drive to Survive” are already out there. Video: YouTube/Netflix

For American 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 mentioned to be 5 occasions what the racing collection is value.

Recently, the information company Bloomberg reported that Saudi Arabia desires 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.

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Liberty rejected the supply, 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 in the individual of its president, Mohammed Ben Sulayem.

FIA chief Ben Sulayem warned of consequences for followers

Although he couldn’t affirm this data both, he defined what he thinks about the FIA’s alleged takeover plans. “Any potential purchaser should be cheap and contemplate the better good of the sport 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 adverse impression 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 a refund”. Promoters could then pay extra to host matches and could also be pressured to move on new charges to followers, for instance in the kind of increased ticket costs.

Sulayem considers the proposed proposal “extreme”.

The head of the FIA ​​assessed the alleged supply 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 must be at the desk for potential discussions about the future of Formula 1. “For now it is only a hearsay. But I believe the FIA ​​must be half of these talks or give recommendation.”

The lengthy obscurity of the report champions is over. New signing Jann Sommer has an opportunity to start out the Bundesliga’s restart after a battle to discover a appropriate successor to injured goalkeeper Manuel Neuer in the beginning XI. Coach Julian Nagelsmann defied criticism from the exterior for his first go to of the summer time. According to critics, he ought to have been Bayern Munich’s quantity two goalkeeper Sven Ulreich.

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