News Details
Analysis: F1’s ‘Don King Clause’ could block sale of F1’s rights
Article To news overview © XPBimages FIA President Mohammed Ben Sulayem has cautioned prospective purchasers of Formula 1’s commercial rights from current holder Liberty Media to exercise due diligence before committing a reported bid of $20bn (£18bn) on acquiring the remaining 88 years of what was originally a 113-year lease expiring on 31 December 2110. The Emirati’s warning comes after financial media agency Bloomberg on Thursday reported that Saudi Arabia’s Public Investment Fund had been in talks to acquire the lease, claiming these faltered last year. The report stated an offer of $20bn including debt had been made, adding that the talks had not been verified by either party....
Full Story »
Full Story »
2y ago from RacingNews365.com
0
You May Also Be Interested In...
Saudi Arabia wealth fund explored $20b F1 bid –...
Saudi Arabia’s sovereign wealth fund considered an attempt to buy...
2y ago from MotorsportWeek.com
Saudi Arabia wealth fund explored bid for Formula 1
Saudi Arabia's sovereign wealth fund reportedly held talks with Formula 1...
2y ago from F1i.com
Saudi Arabia wealth fund explored $20M bid for Formula...
Saudi Arabia's sovereign wealth fund reportedly held talks with Formula 1...
2y ago from F1i.com
Former backer says ‘no one' wanted to fund de...
Jan.20 The man suing Formula 1 rookie Nyck de Vries over a contract...
2y ago from OneStopStrategy.com
Elsewhere On The Network
Popular On MGPToday.com
Fabio Di Giannantonio sets lap record to top second...
Fabio Di Giannantonio set a stunning lap to break the all-time lap record...
2h ago from MotorsportWeek.c...
Jorge Martin to stay with Aprilia’s MotoGP team...
No description available...
34m ago from Motorsport.com
Aprilia top brass suggests Jorge Martin may be happy...
No description available...
4h ago from Motorsport.com
Marc Marquez tops opening MotoGP practice at the...
Marc Marquez opened his quest for a tenth MotoGP victory at the...
7h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
David Malukas braces for the “toughest weekend” of...
No description available...
7h ago from Motorsport.com
Pietro Fittipaldi is fueled by 5-Hour Energy and lots...
No description available...
2d ago from Motorsport.com
How Scott Dixon pulled off another fuel-saving...
No description available...
3d ago from Motorsport.com
Scott Dixon bet on two stop strategy after he saw...
Scott Dixon took victory in Sunday’s IndyCar race from Mid-Ohio,...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Lamborghini reveals new Temerario GT3 car at Goodwood
No description available...
2h ago from Motorsport.com
From no-hopers to F1 podium in 12 months: What’s...
No description available...
1h ago from Motorsport.com
Has there been a hidden power shift at Red Bull?
No description available...
3h ago from Motorsport.com
Test your knowledge of Spa and plan your trip to the...
No description available...
4h ago from Motorsport.com
Popular On GunnersToday.com
Exclusive: 'He only wants to play for Mikel Arteta'...
The deal for Viktor Gyokeres to Arsenal has NOT collapsed, despite the...
1h ago from CaughtOffside.com
'Little bit too obvious' – Collymore gives...
Arsenal have been busy in the transfer market in the last couple of weeks,...
2h ago from CaughtOffside.com
Murals outside Emirates stadium vandalized as Arsenal...
Murals outside the Emirates Stadium have been vandalised by Arsenal fans...
3h ago from SportsKeeda.com
£52m star given permission to travel to UK for...
Chelsea winger Noni Madueke has reportedly been given permission to leave...
2h ago from CaughtOffside.com
Comments
Hottest News
Nico Hulkenberg summoned to Sauber HQ after 'surreal'...
Nico Hulkenberg has been summoned to Sauber's F1... Read More »
54m ago from GPFans.com
Christian Horner poised to pocket huge settlement after...
Christian Horner is reportedly set to pocket a... Read More »
2h ago from MotorsportWeek.com
Ecclestone: Horner was just an idiot
Former Formula 1 supremo Bernie Ecclestone... Read More »
7h ago from GrandPrix247.com