• DIS $99.46 +0.61%
  • NKE $67.94 -5.46%
  • VFC $16.37 +0.74%
  • RCI $27.29 -2.22%
  • LYV $123.06 +0.75%
  • MGM $31.42 -3.41%
  • MTN $160.67 +0.11%
  • ARMK $34.42 +0.85%
  • PLNT $100.02 -0.31%
  • UA $6.10 0.00%
  • MSGS $198.52 +0.39%
  • DKS $195.45 +2.14%
  • FL $16.13 +0.50%
  • MANU $13.76 -0.72%
  • GOLF $65.62 -1.00%
  • BYD $67.96 +0.32%
  • CWH $16.88 -0.82%
  • ELY $15.28 +3.24%
  • VSTO $44.63 0.00%
  • GCO $22.09 +0.23%
  • LVS $41.93 -2.22%
  • CMCSA $36.75 +0.68%
  • ATVI $94.42 0.00%
  • LULU $322.62 -0.56%
  • EA $144.30 +0.73%
  • FWONA $78.68 -1.75%
Saturday, March 22, 2025
Nominations Are Open for Front Office Sports Honors! Submit Now

Saudi Arabia Reportedly Wants to Buy F1 for Over $20B

  • Saudi Arabia tried to buy Formula 1, according to Bloomberg.
  • Liberty Media was reportedly not interested in selling.
Formula 1

Saudi Arabia reportedly looked into buying Formula 1 and remains interested, should the opportunity arise.

The country’s sovereign wealth fund, the $620 billion Public Investment Fund, was interested in purchasing the global racing series from Liberty Media, according to Bloomberg.

  • The PIF, which funds LIV Golf and owns Premier League team Newcastle, valued F1 at well above $20 billion, including debt.
  • Liberty Media bought F1 for $4.4 billion in 2017 and wasn’t interested in selling.
  • The Saudi fund remains interested and could be a formidable suitor for F1 if Liberty Media reverses its stance.

Liberty Media’s F1 tracking stock jumped around 6.9% in early trading on Friday and is up 12.6% over the last 12 months. The stock’s value has more than doubled since the beginning of 2019 and has a current market cap of $30.2 billion.

F1 began racing in Jeddah, Saudi Arabia, in 2021 and will hold its third race there on March 19. Mercedes driver Lewis Hamilton has spoken out against the country’s human rights record.

Formula-1-Miami-Grand-Prix

Formula 1 Unveils Miami Upgrade Plans, Including Hard Rock Stadium

Formula 1 will host teams and drivers on the Miami Dolphins’ field.
January 18, 2023

Braves Spinoff

Meanwhile, Liberty Media is planning to spin off the Atlanta Braves into a separate public company, pending approval from Major League Baseball, among others.

The new company would hold the MLB team, which Liberty Media bought for around $1.5 billion in 2007, plus The Battery, the development project surrounding the team’s Truist Park.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Mar 20, 2025; Providence, RI, USA; Arkansas Razorbacks forward Karter Knox (11) controls the ball against Kansas Jayhawks during the first half at Amica Mutual Pavilion.

Men’s March Madness Sets Opening-Day Viewership Record

CBS Sports and TNT Sports scored big with Arkansas–Kansas.
Jun 21, 2024; Boston, MA, USA; Boston Celtics majority owner Wyc Grousbeck holds the Larry O’Brien trophy prior to the Boston Celtics championship parade.

New Celtics Owners Will Inherit $500M Payroll Conundrum

Boston’s new owners could choose to pay the penalties.

Blue Jays CEO Says Guerrero Not Ohtani, but Confident He’ll Sign

Blue Jays CEO Mark Shapiro is optimistic about keeping the superstar.

Calipari vs. Pitino: March Madness Showdown Set for Huge Ratings

St. John’s will face Arkansas in Saturday’s marquee tournament broadcast.

Featured Today

Mar 20, 2025; Lexington, KY, USA; Creighton Bluejays forward Jasen Green (0) dunks the ball during the second half against the Louisville Cardinals in the first round of the NCAA Tournament at Rupp Arena

Basketball-Only Schools Could See Power Surge After House Settlement Approval 

Football teams might monopolize the revenue-sharing dollars at power conference schools.
Mar 15, 2025; New York, NY, USA; St. John's Red Storm guard RJ Luis Jr. (12) after hitting a three-point basket against the Creighton Bluejays in the second half at Madison Square Garden.
March 20, 2025

Perfect Storm: St. John’s Biggest Fans Can’t Bet on the School

In the No. 1 sports betting market, the Red Storm are off-limits.
Nov 9, 2024; Kansas City, MO, USA; in a NWSL playoff match at CPKC Stadium.
March 19, 2025

The ‘Groundswell and Momentum’ Behind New Women’s Pro Sports Venues

Women’s pro teams are increasingly getting their own new stadiums and facilities.
Mar 13, 2025; New York, NY, USA; American businessman and St. John's donor Mike Repole stands and applauds during the second half against the Butler Bulldogs at Madison Square Garden.
March 18, 2025

‘Back in the Spotlight’: How Mike Repole’s Millions Pulled St. John’s Into..

The billionaire-fueled renaissance put the Johnnies back into the national spotlight.

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.
March 4, 2025

Eagles Make Saquon Barkley NFL’s Highest-Paid Running Back Ever

Barkley is coming off a historic 2024 season with the Eagles.
March 20, 2025

Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market

Maxx Crosby just signed a three-year, $106.5 million extension.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
February 18, 2025

Tiger Woods Signs First PGA Tour Player to Wear Sun Day Red

Karl Vilips will wear Sun Day Red at his season debut at the Mexico Open.
Teammates embrace during matchup in The Hundred cricket league
February 15, 2025

Google, Microsoft, Adobe CEOs Buy Stakes in Cricket League

The England and Wales Cricket Board raised £520m by selling team stakes.
Jul 30, 2022; Pasadena California, USA; Juventus forward forward Dusan Vlahovic (9) and Real Madrid forward Vinicius Jose Paixao (20) battle for the ball in the first half during an international friendly at the Rose Bowl.
February 14, 2025

‘Make Juventus Great Again’: Crypto Firm Tether Buys Stake in Soccer Club

Tether is just one of many crypto firms making sports investments.
exclusive
December 5, 2024

Talor Gooch Using LIV Golf Fortune to Start Building Sports Empire

The golfer has made more than $43 million individually from LIV.