Following an 'exaggerated' claim that F1 is valued at $20bn, fia president Mohammed Ben Sulayem has urged caution over this. Story:
last week suggested that Saudi Arabia's sovereign wealth fund had been interested in purchasing F1 from current owner Liberty Media for a $20 billion price tag, but the proposal was rejected.
But for the FIA, which has leased out F1's commercial rights until 2110, a sale of the series at such a high level could trigger some unintended consequences. In a post on Twitter on Monday, Ben Sulayem voiced his concerns about the implications of such a big-money buyout. "It is our duty to consider what the future impact will be for promoters in terms of increased hosting fees and other commercial costs, and any adverse impact that it could have on fans."Photo by: Red Bull Content Pool
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