Connect with us

Hi, what are you looking for?

Formula 1

Saudi Arabian fund reportedly explored possibility of buying F1

JEDDAH, SAUDI ARABIA - MARCH 27: A general view over the grid preparations showing Pole position qualifier Sergio Perez of Mexico and Oracle Red Bull Racing preparing to start the race during the F1 Grand Prix of Saudi Arabia at the Jeddah Corniche Circuit on March 27, 2022 in Jeddah, Saudi Arabia. (Photo by Clive Mason/Getty Images)

Saudi Arabia’s Public Investment Fund is interested in potentially purchasing Formula 1, according to recent reports.

The Public Investment Fund is the sovereign Saudi Arabian fund that is known for its investments in sports, including the takeover of Newcastle United in 2021. The fund reportedly turned its attention to purchasing Formula 1.

According to Bloomberg, the fund reached out to F1 owner Liberty Media about a possible buyout. However, they declined the proposal as they are not interested in selling F1.

Nevertheless, the fund still wants to purchase the championship and could be among the favorites in case Liberty Media decides to sell F1.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


You May Also Like


Dutch player Wout Weghorst called Argentine Lionel Messi’s attitude “really disappointing” following their quarter-final match of the FIFA World Cup. Argentina eliminated the Netherlands...


The Argentina national team took five penalties throughout the 2022 World Cup in Qatar. This is the most penalty kicks a team was awarded...


Al Hilm will be present in the last three matches of the World Cup and only Argentina, Croatia, Morocco, and France will have the...


With the 2021 Formula 1 season underway, we have been witnessing a lot of talks about the effect that the aero regulation changes have...