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PursuitsSaudi Arabia Explored Bid to Buy F1 for Over $20 BillionPotential deal failed with Liberty Media unwilling to sellSaudi Arabia has been investing heavily in sports assetsThe F1 logo in the paddock ahead of the F1 Grand Prix of Belgium.Photographer: Mark Thompson/Getty ImagesByGiles Turner, Dinesh Nair and Matthew Martin+FollowJanuary 20, 2023, 11:08 AM UTCUpdated onJanuary 20, 2023, 1:10 PM UTCSign up for our Middle East newsletter and follow us @middleeast for news on the region.Saudi Arabia’s sovereign wealth fund considered an attempt to add Formula 1 motor racing to its growing portfolio of sports investments, people familiar with the matter said.
