Sep.13 - A group from Saudi Arabia is reportedly poised to buy Formula 1's commercial rights from Liberty Media.

"There could be even more GPs in the Asian region soon," revealed veteran F1 journalist Roger Benoit, writing for the Swiss newspaper Blick.

"Why? Because the Saudis will soon take over Formula 1 from Liberty."

He said Formula 1 "hasn't evolved much" since Liberty took over and ousted the sport's former supremo Bernie Ecclestone in 2017.

"As expected, Chase Carey ceded his chief post. The Americans seem to have lost interest in their multi-billion dollar toy.

"Ironically, it's the Saudis who are now at the door with their suitcases for a takeover. The ten European based teams and many race organisers now need to be careful.

"Qatar, Bahrain, Abu Dhabi and Saudi Arabia send their regards," Benoit quipped.


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14 F1 Fan comments on “Saudi Arabian group eyes F1 takeover from Americans?

  1. f1award

    Lets hope so. No more American gimmicks such as 10 past the hour start times, sprint qual, fastest lap points, safety cars to bunch the cars up when not necessary, 140 races a season etc

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  2. Eddie gibraltar

    Overworked f1 crews will naturally want less F1. The rest of us just watch it and pay for it to happen.
    It should be like the world cup. One race every 4 years to decide the F1 world champion.

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  3. ReallyOldRacer

    If the Brits could get their act together and put forth another Bernie we wouldn't have this challenge, but you guys prefer to queue up, whine and do nothing. Ah yes, the battle in the sand. There go the grid girls.

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  4. Brian T

    Presumably the purchaser would be Aramco or a private equity division of them. There’s a lot to be said for the merits of investing. Big picture is being able to influence the direction of the engine. Thankfully they have a big vested interest in the advancement of ICEs vs. electric. Plus they have a ton of cash and a national interest in diversifying their economy from oil exports.

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  5. Brian T

    It’s more likely a sovereign wealth fund rather than the public company directly for an investment of this type. As for Liberty's ownership duration, it’s coming up on 5 years which is within PE’s investment holding window. CVC went beyond their typical 5 year window.

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