Saudi Arabia's Grand Prix Ambitions: Inside the Kingdom's Push for Formula 1 Team Ownership
Saudi Arabia accelerates its motorsport influence through potential F1 team ownership, leveraging PIF investments and regional dominance in global racing circuits.
Saudi Arabia's Strategic Drive into Formula 1
Fresh from establishing itself as a Formula 1 powerhouse through grand prix hosting and sponsorship deals, Saudi Arabia now sets its sights on team ownership. Prince Khalid bin Sultan Al-Abdullah Al-Faisal, Chairman of the Saudi Automobile & Motorcycle Federation, revealed the kingdom's growing interest during Jeddah Grand Prix preparations.
Key Developments:
- PIF (Public Investment Fund) companies exploring F1 team acquisitions
- Saudi Arabia currently hosts F1 races and sponsors Aston Martin through Aramco
- Regional competition intensifies with Qatar/Audi and Bahrain/McLaren partnerships
Potential Acquisition Targets:
-
Aston Martin F1 Team:
- Current valuation: £1.1 billion
- 20.5% stake already held in Aston Martin Lagonda
- Lawrence Stroll seeking investors through Raine Group
-
Alpine Racing:
- 2023 valuation: $900 million
- Despite Renault's denials, speculation persists about potential sale
Financial Landscape:
- F1 team values increased 300% since 2019 (Forbes)
- Middle East now hosts 4 of 24 Grand Prix events
- Nielsen Sports reports 40% annual growth in Saudi F1 viewership
Controversies & Considerations:
- Critics cite 'sportswashing' concerns
- Federation chairman emphasizes "strategic commercial investment"
- F1's Middle East female fanbase grows at 28% YoY rate
| Regional Power Play: | Country | F1 Involvement | Stake Value |
|---|---|---|---|
| Saudi Arabia | Race Host/Sponsor | $2.1B (Aramco) | |
| Qatar | Audi Team Partner | $375M (QIA) | |
| UAE | McLaren Automotive | $1.8B (CYVN) |
Prince Khalid concluded: "Our vision extends beyond checkered flags. Acquiring a competitive team would complete Saudi Arabia's motorsport ecosystem while delivering commercial returns." Industry analysts predict a decision could emerge before 2026 regulation changes.
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