The potential F1 sale, explained

It is rarely dull in the world of Formula 1. Between driver silly season, this year’s team manager silly season, the growth of the sport worldwide, and recent storylines about potential expansion, F1 has been in the news a lot lately.

But the most recent news surrounding F1 deals with the future of the sport from a business perspective.

According to recent reporting, the Saudi Arabian Public Investment Fund (PIF) made an aggressive offer to purchase F1 from Liberty Media. In a report from Bloomberg, the PIF approached Liberty Media last year, placing a valuation on F1 of $20 billion.

The report from Bloomberg noted that while Liberty

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