Saudi Arabia's $20 billion bid to buy F1 rejected by Liberty Media
Shortpedia
Content Team
Image Credit: sportskeeda
Saudi Arabia made a bid of over $20 billion to buy F1. The bid was made early last year but was rejected by Liberty Media as it had no interest in selling. As reported by Bloomberg, this comes as a surprise as the Middle Eastern influence on the F1 calendar continues to increase. The report stated that the deal faltered in the early stages last year as F1's owner Liberty Media was not interested in selling the high-profile franchise.
