F1: Liberty Media CEO reiterates F1 Circuit Not For Sale

–by Mark Cipolloni–

John Malone’s Liberty Media paid $4.4 billion to buy the motorsports giant Formula 1 in 2017.

In January 2023, media reports said Saudi Arabia was offering a $20 billion bid for the marquee race car series, which Liberty Media denied at the time.

It has been denied again.

“That should stop any discussion that anyone says that our friends, the Saudis, are going to buy it next week or something like that,” said Greg Maffei during an investors conference.

“Is there any chance we’re going to sell this thing and incur corporate tax?

“That should stop any discussion that anyone says that our friends, the Saudis, are going to buy it next week or something like that?

“If anybody knows us, they should know that’s just not in our cards,” Maffei told the MoffettNathanson Inaugural Technology, Media and Telecom conference during a session that was webcast.