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Saudi Arabia linked with Formula 1 takeover – report
Formula 1’s commercial rights could soon be under Saudi Arabian ownership, according to a report. Liberty Media bought the Formula One Group in 2017, ending Bernie Ecclestone’s time as the sport’s ringmaster having been chief executive for 40 years. But Swiss media outlet Blick reports the American company “seem to have lost interest in their multi-billion dollar toy” and are looking to sell up to the Saudis. One of the upshots, says the report, is there could be an increase in grands prix staged in the Middle Eastern and Asian region. Already this year, due to the pandemic, the last three races could all be held in the Middle East. Saudi Arabia and Abu Dhabi are already...
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3y ago from PlanetF1.com
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