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'If someone wants to pay 20 billion, F1 is apparently worth it'
The value of Formula 1 is growing at lightning speed. In late 2016, Liberty Media bought F1 for $4.6 billion. Meanwhile, Saudi Arabia wants to buy Formula 1 through a sovereign wealth fund for reportedly $20 billion. "Arabs are very proud people. Once they set their sights on F1, they don't let go easily," said Frank van den Wall Bake, one of the Netherlands' leading sports marketers about a possible takeover. Article continues under ad A Grand Prix and an ePrix Saudi Arabia already has happened and within a few years the country also wants to host the Olympics and the Football World Cup. If it is up to Crown Prince Mohammad bin Salman, it certainly won't stop there. A $20...
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1mo ago from GPBlog.com
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