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Saudi Arabian F1 team ‘could happen' – Prince
Apr.16 Saudi Arabia could be set to deepen its already intensifying investments in Formula 1 by starting or buying a team. The Kingdom is not only host of this weekend's ultra-fast street race in Jeddah – the state-owned oil giant Aramco and mining company Ma'aden sponsor Aston Martin and the Public Investment Fund (PIF) bought into McLaren in 2021. And now, Prince Khalid bin Sultan Al-Abdullah Al-Faisal – a member of the royal family – says Saudi Arabia is interested in actual F1 team ownership. 'It could happen,' he told journalists, including Ouest France newspaper. 'It could happen soon as we see the rapid growth of this sport. 'If you buy a Formula 1 team, people...
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6mo ago from OneStopStrategy.com
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