F1 condemns Ben Sulayem’s $20b valuation in explosive letter

According to Sky and the BBC, F1 has sent a legal warning to governing body the FIA slamming Ben Sulayem for the “unacceptable manner” in which he referred to an “alleged inflated price tag of $20bn” for the potential sale of F1. Ben Sulayem’s comments followed a report by Bloomberg which claimed F1 owners Liberty Media rejected a takeover bid worth $20b from Saudi Arabia’s Public Investment Fund last year. In a series of tweets on Monday afternoon, Ben Sulayem urged potential buyers of F1 to “apply common sense” to their valuation of the sport. F1 has responded in an explosive letter, which…

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