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

Recently, the information company “Bloomberg” created a sensation in the Formula 1 world. Saudi Arabia is fascinated about shopping for Liberty Media’s top notch via its sovereign wealth fund PIF (Public Investment Fund).

There is discuss of a US$20 billion (about €18.4 billion) supply, 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 title particular names, however writes: “Any potential purchaser needs to be cheap and contemplate the nice advantages of the sport and have a transparent, sustainable plan – not only a lot of cash.”

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Bin Sulayem stated the alleged supply was “extreme”.

“It is our responsibility to contemplate the future influence on the promoters in phrases of greater racing charges and different industrial prices and any damaging influence it might have on followers,” stated 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 value at the moment. Bin Sulayem fears that the new house owners might recoup the cash elsewhere.

The FIA ​​president advised English-language Motorsport.com about the proposed proposal: “To be sincere, it’s [die Zahl] extreme. This is an exaggeration. Use of frequent 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 dearer “to get the a refund,” he explains. For instance, promoters might 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 ​​needs to be half of it. It’s going to be a negotiation or a session.” offers “.

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 below Max Mosley, for a cool US$300 million in a one-off 100-yr 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 brief,” he says, referring to the sale of industrial rights to Bernie Ecclestone at the time.

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

Saudi Arabia’s PIF beforehand owned English soccer membership Newcastle United, and lately WWE was rumored to be fascinated about shopping for the world’s greatest 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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