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Saudi Arabia’s PIF ‘considered F1 takeover bid’

Fernando Alonso of Alpine A522 Renault during 2022 F1 Grand Prix of Saudi Arabia in Jeddah (Photo by Eric Alonso/Getty Images)

Saudi Arabia’s Public Investment Fund (PIF) last year explored a bid to acquire Formula 1 from owner Liberty Media, it has been reported.

The takeover approach around 12 months ago faltered as Liberty Media had no interest in selling the property, people “familiar with the matter” told Bloomberg.

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