Liberty Media reject Saudi Arabia’s $20 billion bid to buy F1 - but it’s not over yet

Liberty Media, the owners of F1, rejected a bid worth $20 billion (£16b) from Saudi Arabia to buy the sport.
Oscar Piastri (AUS) McLaren MCL36. Formula 1 Testing, Yas Marina Circuit, Abu Dhabi, Tuesday.
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Oscar Piastri (AUS) McLaren MCL36. Formula 1 Testing, Yas Marina Circuit, Abu Dhabi, Tuesday…

The unsuccessful bid, placed i♋n early-2022 according to , does not mean that the Saudis have given up. Far from it.

The Saudis, via their investment fu𒆙nd PIF, hav♋e told Liberty that their offer “is still valid” and that “they are even open to raising it”.

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Liberty Media purchased F1 😼in 2017 from Bernie Ecclestone.

Saudi Arabia are making ⛎big plays in sport - they have attracted Cristiano Ronaldo to their league recently, and own Newca🎃stle United.

They already host the F1 Saudi Arabian Grand Prix and have shares in McLaren and As𓂃ton Martin’s teams.

Last yꦕear a missile struck just miles 🅘from the circuit during the F1 weekend.

“I am so happy the weekend is done,” 168澳洲5最新开奖结果:Lewis Hamilton said afterwards. “I am so happy that everyone is safe, I am just looking forwaꦐrd to getting out. I just want to g🌼o home.”

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