FIA President feedback on F1 sale

Saudi Arabia, by means of its sovereign wealth fund PIF (Public Funding Fund), is alleged to be fascinated about promoting the F1 workforce in accordance with Bloomberg. A proposal of US$20 billion (round €18.4 billion) is alleged to have been made, however rejected by Liberty. The figures and Saudi Arabia’s curiosity haven’t been formally confirmed, however the FIA has now commented on the rumours.

The US media company Bloomberg not too long ago brought on a stir within the System One world by reporting that Saudi Arabia needed to promote the System One workforce which brought on FIA President Mohammed bin Sulayem to situation a sequence of tweets on Monday during which he wrote that the FIA was “cautious” concerning the rumoured $20 billion price ticket given to F1.

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