Wednesday, March 22, 2023

Saudis offer 20 billion for Formula 1

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The Saudis want to buy Formula 1 for 20 billion dollars.

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Roger BenoitFormula 1 expert

When Blick exclusively reported a year ago that the Saudis were planning to buy the racing series from Liberty Media (USA), it was heavily denied. Now the offer of around $20 billion is official.

Qatar like Saudi Arabia?

For Liberty Media (the 2017 entry), it would be a bombshell. The circus was once taken over for 4.4 billion (and 4.1 billion in debt). But now the show is booming. The three races in America alone make the tills ring. And the Jeddah race brings in almost all the money from the European races.

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