F1 LIVE: FIA boss Mohammed Ben Sulayem under fire after £16bn buyout claims

independent.co.uk:

F1 chiefs have hit back at FIA president Mohammed Ben Sulayem’s claims that a reported £16bn price tag the sport’s commercial rights is “inflated”.A report in Bloomberg over the weekend suggested the Saudi Arabian Public Investment Fund (PIF) - chaired by Saudi crown prince Mohammed bin Salman - have tabled an offer over $20bn (£16bn) to F1 owners Liberty Media for the commercial rights of the sport.Ben Sulayem, head of the sport’s governing body, took to social media to publicise his views, insisting the alleged price tag was “inflated” and any potential buyer needs to “apply common sense...

not just a lot of money.”Now, in the latest example of F1 and the sport’s governing body being at loggerheads, a letter seen by Sky News sent by F1 legal supremo Sacha Woodward Hill and Renee Wilm, chief legal and administrative officer of Liberty Media Corporation, has accused the FIA and its president of “interfering with our [commercial] rights in an unacceptable manner.”F1 chiefs have hit back at FIA president Mohammed Ben Sulayem’s claims that a reported £16bn price tag the sport’s commercial rights is “inflated”.A report in Bloomberg over the weekend suggested the Saudi Arabian Public Investment Fund (PIF) - chaired by Saudi crown prince Mohammed bin Salman - have tabled an offer over $20bn (£16bn) to F1 owners Liberty Media for the commercial rights of the sport.Ben Sulayem, head of the sport’s governing body, took to social media to publicise his views, insisting the alleged price tag was “inflated” and any potential buyer needs to “apply common sense...

not just a lot of money.”Now, in the latest example of F1 and the sport’s governing body being at loggerheads, a letter seen by Sky News sent by F1 legal supremo Sacha