F1 owners blast FIA president over his ‘unacceptable’ claim that the sport is not worth £16bn

F1 owners accuse FIA president Mohammed Ben Sulayem of ‘interfering’ in the commercial rights of the sport with his ‘unacceptable’ claim that it is not worth £16bn amid Saudi Arabia takeover talk

Liberty Media-owned Formula One has accused FIA president Mohammed Ben Sulayem of interfering with its commercial rights by publicly questioning a reported £16billion valuation of the sport.

Ben Sulayem, an Emirati elected in 2021 to the top job at Formula One’s governing body, took to Twitter on Monday after Bloomberg reported Saudi Arabia’s Public Investment Fund (PIF)…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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