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Team ownership could be next F1 step for Saudi Arabia

  • Saudi Arabia is considering owning a Formula One team as the next step, according to Prince Khalid bin Sultan Al-Abdullah Al-Faisal, chairman of the kingdom's automobile and motorcycle federation.
  • The interest in owning a team follows Saudi Arabia's sponsorship of Formula One and hosting its first grand prix in 2021.
  • Prince Khalid mentioned Saudi Arabia's investments in sports and the increasing global sales of Formula One, emphasizing the kingdom's focus on growth in the sport.
  • He expressed a personal desire to see a Saudi team involved in Formula One, indicating that success should be a priority.
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  • 38% of the sources lean Left, 38% of the sources are Center
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De Telegraaf broke the news in Amsterdam, Netherlands on Monday, April 14, 2025.
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