
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 news

Is FIA president Mohammed Ben Sulayem's position under threat?

FIA chief in firing line again for "unprofessional" snub

F1 and the FIA heading for all-out war?

F1 send furious letter to FIA - president accused of 'unacceptable interference'
Most read

Hamilton fired 'Oscars' warning as Red Bull Ford rumours intensify - GPFans F1 Recap

F1 LIVE - F1 Academy confirms first driver

FIA under fire AGAIN: Controversial F1 decision 'clearly wrong'

Hulkenberg and Schumacher switch branded 'waste of time'

F1 FIA saga takes new turn as Mercedes return to the track - GPFans F1 Recap
F1 Standings

Races
-
Gulf Air Grand Prix of Bahrain 2023
-
Saudi Arabian Grand Prix 2023
-
Grand Prix of Australia 2023
-
Grand Prix of China 2023
-
Grand Prix of Azerbaijan 2023
-
Miami Grand Prix 2023
-
Pirelli Gran Premio Del Made In Italy E Dell'emilia Romagna 2023
-
Grand Prix of Monaco 2023
-
Grand Prix of Spain 2023
-
Grand Prix of Canada 2023
-
Grand Prix of Austria 2023
-
Grand Prix of Great Britain 2023
-
Grand Prix of Hungary 2023
-
Grand Prix of Belgium 2023
-
Heineken Dutch Grand Prix 2023
-
Grand Prix of Italy 2023
-
Grand Prix of Singapore 2023
-
Grand Prix of Japan 2023
-
Qatar Grand Prix 2023
-
Grand Prix of the United States 2023
-
Gran Premio de la Ciudad de Mexico 2023
-
Grand Prix of Brazil 2023
-
Las Vegas Grand Prix 2023
-
Grand Prix of Abu Dhabi 2023
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

7007 CD, Doetinchem, Netherlands
+31645516860