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Red Bull state opposition to Saudis taking over Formula 1
Red Bull advisor Dr Helmut Marko has questioned if a country 'culturally different' to where the bulk of the races take place would be the right move for the future ownership of Formula 1, following the recent offer by Saudi Arabia's Public Investment Fund. It was reported on Bloomberg last week that current F1 owners Liberty Media rejected an offer to sell the sport last year, with Saudi Arabia having offered the American company a whopping $20 billion. Considering that Liberty Media bought the sport in 2017 for just $4.6 billion, the $20 billion price tag has been labelled as 'inflated' by FIA president Mohammed Ben Sulayem, who's comment infuriated the current owners. Liberty Media...
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1y ago from Formula1News.co.uk
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