FIA president Mohammed Ben Sulayem has posted on Twitter about reports that the $20 billion offer for F1 is rumored to increase. He called on “potential buyers” to “consider the greater interests of the sport” rather than simply grabbing the big bucks.
Sulayem wrote in the post:
“As motorsport administrators, the non-profit FIA is wary of the alleged inflated price tag of $20 billion for F1.
The FIA president continued:
“Potential buyers are advised to apply common sense, consider the greater good of the sport, and have clear and sustainable plans, not just large sums of money.
“It is our duty to consider the future implications for promoters in terms of increased hosting fees and other commercial costs, and any negative impact that may have on fans.”
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This follows a Bloomberg report last week that claimed a $20 billion proposal was put forward by the Saudi sovereign wealth fund but was rejected.
Saudi Arabia’s involvement in sporting events such as F1 has raised concerns among human rights activists and critics. The country has been widely criticized for its poor human rights record, including issues such as suppression of free speech and abuse of women.
In light of this, there are calls for the exclusion of Saudi Arabia from the world of sports and for sports organizations to take a stand against human rights abuses in the country.
Critics say Saudi Arabia’s recent massive investment in sporting events and teams such as F1 is an attempt to “sport wash” or use sport as a way to mask and distract from human rights abuses in the country. doing.
