sport news F1 owners blast FIA president over his 'unacceptable' claim that the sport is ... trends now

sport news F1 owners blast FIA president over his 'unacceptable' claim that the sport is ... trends now
sport news F1 owners blast FIA president over his 'unacceptable' claim that the sport is ... trends now

sport news F1 owners blast FIA president over his 'unacceptable' claim that the sport is ... trends now

F1 owners accuse FIA president Mohammed ben Sulayem of 'interfering' in the commercial rights of the sport with his 'unacceptable' claim that it is not worth £16bn amid Saudi Arabia takeover talk

View
comments

Liberty Media-owned Formula One has accused FIA president Mohammed Ben Sulayem of interfering with its commercial rights by publicly questioning a reported $20 billion valuation of the sport.

Ben Sulayem, an Emirati elected in 2021 to the top job at Formula One's governing body, took to Twitter on Monday after Bloomberg reported Saudi Arabia's Public Investment Fund (PIF) explored a bid for more than that amount.

'As the custodians of motorsport, the FIA, as a non-profit organisation, is cautious about alleged inflated price tags of $20bn being put on F1,' Ben Sulayem said on his personal account.

F1 ruler Mohammed ben Sulayem used Twitter to claim the series wasn¿t worth $20bn

F1 ruler Mohammed ben Sulayem used Twitter to claim the series wasn't worth $20bn

'Any potential buyer is advised to apply common sense, consider the greater good of the sport and come with a clear, sustainable plan -- not just a lot of money.'

He suggested the FIA had a duty to consider the possible negative impact on fans and promoters, who might have to pay more.

The comments followed his

read more from dailymail.....

PREV Hoodoo over: Aryna Sabalenka powers into final, Rybakina up next mogaznewsen
NEXT Semifinal Highlights: Magda Linette v Aryna Sabalenka mogaznewsen