News Details

‘In reality': Formula 1 addresses Saudi Arabia rumour

Liberty Media CEO Greg Maffei has stated that Formula 1 is not for sale amid media speculation that Saudi Arabia could make a $20 billion bid for the commercial rights to the sport. Formula 1 has been booming in popularity around the globe, reflected in the addition of two new American races on the season calendar in recent years. “I consider that to be mere speculation, but the matter still made waves,” Saudi Arabia’s sports minister Prince Abdulaziz bin Turki bin Faisal bin Abdulaziz Al Saud said. “Given the situation in the stock market, the likelihood that in the short term we decide to sell is extremely unlikely,” Maffei stated in an investment call. Want to work in Formula...
Full Story »
Share

You May Also Be Interested In...

Helmut Marko addresses Red Bull rumours, Sebastian...

Red Bull advisor Dr Helmut Marko has addressed several rumours regarding...
2y ago from Formula1News.co.uk

Ex-F1 driver criticises Formula 1's obsession with the...

The United States has played an increasingly important role in the...
2y ago from Formula1News.co.uk

Carlos Sainz tears into journalist

Carlos Sainz is reportedly the top target for Audi, as the company...
2y ago from Formula1News.co.uk

Charles Leclerc aware ‘time is passing' amid...

Respected Formula 1 journalist Leo Turrini has reported that Charles...
2y ago from Formula1News.co.uk

Elsewhere On The Network

Popular On MGPToday.com

Honda confirms Jorge Martin ‘an option’ for 2026...

Honda Team Manager Alberto Puig has reiterated its interest in signing...

Gresini reveals extent of Alex Marquez's injuries...

Gresini Racing team manager Michele Masini revealed the extent of Alex...

Popular On IndyCarToday.com

Scott Dixon bet on two stop strategy after he saw...

Scott Dixon took victory in Sunday’s IndyCar race from Mid-Ohio,...

IndyCar Mid-Ohio – Race Results

IndyCar visited Mid-Ohio over the weekend for Honda’s home event and a...

Alex Palou chooses to view costly Mid-Ohio mistake as...

Alex Palou was not the winner of Sunday’s IndyCar event from Mid-Ohio,...

Popular On TotalWRC.com

Oliver Solberg goes Rally1 – Sebastien Ogier enters...

After dominant victories in WRC2 in Rally Sweden, Portugal and most...

Popular On GunnersToday.com

Report: Arsenal preparing player plus cash bid to sign...

Arsenal are intensifying their pursuit of Crystal Palace playmaker...
3h ago from FreshArsenal.com

Arsenal's Madueke move explained, Eze interest and...

Arsenal are aiming to sign attacking reinforcements with Noni Madueke,...
3h ago from SkySports.com

Matter of when, not if: Arsenal confident of landing...

Arsenal are looking to wrap up the signing of Viktor Gyokeres from...
3h ago from CaughtOffside.com

Arsenal see 15 million offer for LaLiga star rejected,...

Arsenal have reportedly seen a 15 million offer for Cristhian Mosquera...
4h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.