There is interest in buying a team in Saudi Arabia
This weekend, Saudi Arabia will host the fifth stage of the Formula 1 season. On the eve of the Grand Prix, the chairman of the Saudi Arabian Automobile and Motorcycle Federation, Prince Khalid bin Sultan Al-Abdullah al-Faisal, spoke to the press and said that the country does not exclude the possibility of buying its own team.
"Potentially one or two teams could be put up for sale in the future," Prince Khalid bin Sultan al-Abdullah al-Faisal said when asked about the purchase of one of the current Formula 1 teams. – Therefore, the purchase can take place. However, first of all, we must see the potential for growth. If people are going to buy a Formula 1 team, they will do it in order to make money, especially if one of the state funds is invested in the purchase.
We see Formula 1 entering new markets, and global sales are growing. We noticed this, including through Aramco's cooperation with Aston Martin. Everything suggests that maybe Saudi Arabia can buy the team. If we understand that such a possibility exists and makes sense, then why not?
There is no one who does not like making money, but it is very difficult to make money in Formula 1, because you need to know which team to buy, who to make a partner, and who to put in charge of the project.
The decision is very difficult, but we have great interest. We host the stage, sponsor the teams. I wouldn't be surprised if Saudi Arabia buys the team. Personally, I would like to see our team in Formula 1. But if I were doing this project, I would want everything to be done right and we would succeed. It's a difficult question, but why not?"
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There is interest in buying a team in Saudi Arabia
On the eve of the Grand Prix, the chairman of the Saudi Arabian Automobile and Motorcycle Federation, Prince Khalid bin Sultan al-Abdullah al-Faisal, spoke to the press and said that the country does not exclude the possibility of buying its own team.