Saudi Arabia hopes to acquire Formula 1 for several billion dollars.

Ritu13

According to insider sources, the Saudi sovereign wealth fund (PIF) is considering incorporating F1 into its sports portfolio.

However, Saudi Arabia, which is currently interested in acquiring F1, faces challenges as the current owner, Liberty Media, is not inclined towards a sale. In 2017, F1 was acquired by billionaire John Malone's Liberty Media for a transaction price of $4.4 billion.

It's worth noting that PIF remains interested in this asset and is awaiting any change of heart from Liberty Media.

Currently, both PIF and Liberty Media representatives have not responded to requests for comments.

The 2023 season will witness four races in the Middle East, with the first two races having taken place in March in Bahrain and Saudi Arabia.

Sahana34494

Indeed, Saudi Arabia is still wealthy, largely due to the value of its oil resources.

Yamini003

F1 is not that easily acquired, is it?

Samiksha

Saudi Arabia, being a wealthy nation, can afford to be extravagant. Unlike me, who can't be extravagant even without money! However, it seems that Saudi Arabia's desire to acquire F1 is currently met with disinterest from the racing organization.

Ritu77

"Wealthy Saudi Arabia, are they trying to acquire everything they desire in the world?

Niti998

"This country indeed has a lot of billionaires!