The shaft of mud has intensified – the FIA ​​president brings 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 1,000,000 greenback enterprise. Eight months a yr, groups fly round the world and compete on nearly each continent. Next season, Formula 1 will host 23 Grands Prix for the first time – by no means earlier than.

Although all this consumes rather a lot of cash, the racing sequence may be 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 presently experiencing an actual increase.Photo: dpa / Hasan Bratic

Where a lot cash is concerned, an influence battle is nearly 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 find yourself in courtroom.

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According to Liberty Media, FIA president Mohammed Ben Sulayem has precipitated 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 wise earlier than shopping for and to have a stable, sustainable plan, not only a lot of 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” experiences. 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 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 precipitated.

Sport1 claims it is aware of Liberty Media is curious about promoting Formula 1 to the Saudis due to this fact hoping to realize most revenue. So they need to now take motion in opposition to Ben Sulayem, who threatened to interrupt the deal for them.

It is claimed that Liberty needs to ship out Ben Sulayem

The sports activities information company additionally urged 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 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 group director at Benetton and BAR.

Jude Bellingham has been wowing BVB followers for 2 and a half years. At simply 17, the midfielder arrived at Dortmund in 2020, making a direct influence and taking part in nearly usually.

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