F1 - What's on your mind? (2021) - Part 1 in F1 Discussions Posted September 14 · Report reply D/T 2021.09.14 07:44 CEST Quote Formula 1’s commercial rights could soon be under Saudi Arabian ownership, according to a report. Liberty Media bought the Formula One Group in 2017, ending Bernie Ecclestone’s time as the sport’s ringmaster having been chief executive for 40 years. But Swiss media outlet Blick reports the American company “seem to have lost interest in their multi-billion dollar toy” and are looking to sell up to the Saudis. One of the upshots, says the report, is there could be an increase in grands prix staged in the Middle Eastern and Asian region. Hard to say whether this is good news. I am old fossil, and in my mind F1 is a sport which started on continental Europe, thus I do consider it "European series", however with new owners we might see EU loosing interest if this shrinks down to 3 or 4 races only around here. There is difference between talking F1 with friends every day, and see something which used to be F1, and with new owners has become fly-by-night circus once a year. In a way perhaps there will be another racing-baby in the offing which could replace management and ownership possessing financial interest as primary focus with sporting interest. (One can dream). Liberty tossing F1 so soon, if this go through, selling the series raises also question about quality of due diligence in wetting process of potential buyers. We need European owners. Nothing against Saudis, but geographically they are too far to understand day-to-day problems, and some hack reporting on F1 once a month might be a problem. Management from distance never works well in my experience. Being close to action is way to go. Ask Wolff. When he was nominated to lead MB, he could have a posh office wherever he wanted. Instead, he choose downstairs where action and rush hour was (and next to Brawn's office). Good choice!!!