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FIA president calls for ‘caution' over colossal Saudi F1 bid

The value of Formula 1 continues to increase year after year, as the sport continues to grow and spread all over the world. Since Liberty Media purchased Formula 1 in 2017 for £6.4bn, Netflix’s ‘Drive to Survive’ has seen the audience for the sport grow in regions such as the USA, who previously preferred IndyCar and NASCAR. The Middle East has also become much more involved in F1 in recent years, with the 2023 calendar featuring races in Bahrain, Saudi Arabia, Qatar and Abu Dhabi. The F1 project in Saudi Arabia is an exciting one, with the Kingdom looking to draw teams over to set up their headquarters in the Middle East. READ: FIA president says new F1 team will be announced ‘as...
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