F1 bought by Saudi Arabia?
Saudi Arabia is said to be ready to take over Formula 1 from current commercial rights holder Liberty Media, according to a report by Swiss newspaper Blick.
In order to rebuild an image despite the criticisms leveled by the international community regarding the numerous human rights violations committed on the territory, this Middle Eastern country is in the midst of « Sport washing » with the organization and financing of numerous sporting events, including the holding of an F1 Grand Prix which will take place at the end of the season.
The Saudis would therefore be ready to go further by outright offering themselves Formula 1. Roger Benoit, renowned journalist and close friend of Bernie Ecclestone, says Liberty Media is beginning to lose interest in Formula 1 which he took over at CVC Capital Partners and the British tycoon in 2017.
« Americans seem to have lost interest in their multi-billion dollar toy, writes Benoit. Conversely, Saudi Arabia is now on the lookout for a takeover of Formula 1. «
Benoit says that a Saudi acquisition of the discipline would inevitably lead to more Grand Prix held in the Middle East. Bahrain and Abu Dhabi have been on the F1 calendar for many years. In addition, Qatar has lined up to host a race this year, possibly occupying a spot at the end of November.
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