Media reports are suggesting that Saudi Arabia, through its Public Investment Fund, has attempted to buy Formula 1 for $20 billion.
Formula 1 has rebuked FIA President Mohammed Ben Sulayem over comments he made on his personal Twitter account concerning the championship’s value.suggesting that Saudi Arabia, through its Public Investment Fund, had attempted to buy Formula 1 for $20 billion. Ben Sulayem tweeted on Monday that “as the custodians of motorsport, the FIA, as a non-profit organization, is cautious about alleged inflated price tags of $20 billion being put on F1.
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