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F1, Liberty Media angered by FIA president’s valuation remarks

Mohammed ben Sulayem, FIA president, looks on from the podium during the F1 Grand Prix of USA (Photo by Chris Graythen/Getty Images)

A letter sent by Formula 1 and its owner Liberty Media has accused International Automobile Federation (FIA) president Mohammed Ben Sulayem of overstepping the bounds of the governing body’s remit after his comments regarding the “inflated” price tag of the series.

Earlier this week, Ben Sulayem (pictured) tweeted that the FIA is “cautious about the inflated price tags of $20bn (€18.4bn)” being placed on F1. It followed a report last week claimed that Saudi Arabia’s Public Investment Fund (PIF) last year explored a bid to acquire F1, valuing the series at well over $20bn including debt.

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