FIA warn F1 buyers of inflating price tags
FIA warn F1 buyers of inflating price tags
FIA president Mohammed Ben Sulayem has warned prospective buyers over 'inflating price tags' for F1.
Reports last week suggested the Saudi Arabian Public Investment Fund tabled a bid to acquire F1 from Liberty Media in early 2022, though that offer was rejected by the current owners.
Liberty Media gained the rights in 2017 and has since overseen rapid growth, with a valuation of $15.2billion more than double that registered four years previously, even after the challenges associated with the Covid-19 pandemic.
But Ben Sulayem has told potential buyers to be mindful of any price it places on F1.
Ben Sulayem urges caution
Via a series of tweets, Ben Sulayem said: "As the custodians of motorsport, the FIA, as a non-profit organisation, is cautious about alleged inflated price tags of $20billion being put on F1.
"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.
"It is our duty to consider what the future impact will be for promoters in terms of increased hosting fees and other commercial costs, and any adverse impact that it could have on fans."
It is our duty to consider what the future impact will be for promoters in terms of increased hosting fees and other commercial costs, and any adverse impact that it could have on fans. (3/3)
— Mohammed Ben Sulayem (@Ben_Sulayem) January 23, 2023
Related
Change your timezone:
Latest News
Audi agree STAR driver contract as Mercedes driver tipped for new F1 seat THIS season - GPFans F1 Recap
- 3 hours ago
Ferrari show off new-look drivers following HUGE announcement
- Yesterday 22:57
McLaren leading fight for HUGE cash injection
- Yesterday 21:57
Newey set to announce STUNNING Red Bull departure
- Yesterday 17:57
Newey Red Bull exit wish CONFIRMED as F1 guru's reasons revealed
- Yesterday 20:57
F1 legend reveals 'FLOOD' of death threats after controversial decision
- Yesterday 19:57
Related news
FIA boss HITS OUT at 'court of public opinion' after interference allegations
FIA announce crucial top three UPDATE in China after investigating F1 star
FIA CANCEL important drivers' meeting after huge drama in China
Ecclestone's wife signs letter of SUPPORT for under-fire FIA president
F1 Standings
Drivers
- Oliver Bearman
- Charles Leclerc
- Carlos Sainz
- Lando Norris
- Oscar Piastri
- Pierre Gasly
- Esteban Ocon
- Sergio Pérez
- Max Verstappen
- Alexander Albon
- Logan Sargeant
- Lewis Hamilton
- George Russell
- Nico Hülkenberg
- Kevin Magnussen
- Fernando Alonso
- Lance Stroll
- Valtteri Bottas
- Zhou Guanyu
- Daniel Ricciardo
- Yuki Tsunoda
Races
- Gulf Air Grand Prix of Bahrain 2024
- Saudi Arabian Grand Prix 2024
- Grand Prix of Australia 2024
- MSC Cruises Grand Prix of Japan 2024
- Grand Prix of China 2024
- Miami Grand Prix 2024
- Gran Premio dell'Emilia Romagna 2024
- Grand Prix of Monaco 2024
- Grand Prix du Canada 2024
- Gran Premio de España 2024
- Grand Prix of Austria 2024
- Grand Prix of Great Britain 2024
- Grand Prix of Hungary 2024
- Grand Prix of Belgium 2024
- Heineken Dutch Grand Prix 2024
- Grand Prix of Italy 2024
- Grand Prix of Azerbaijan 2024
- Grand Prix of Singapore 2024
- Grand Prix of the United States 2024
- Gran Premio de la Ciudad de Mexico 2024
- Grande Prêmio de São Paulo 2024
- Heineken Silver Las Vegas Grand Prix 2024
- Qatar Grand Prix 2024
- Grand Prix of Abu Dhabi 2024
About GPFans
GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.
With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.
Follow us on your favorite social media channel
Corporate & Media
Innovatieweg 20C7007 CD, Doetinchem, Netherlands
+31645516860