“It could happen, it could happen soon if you see the growth [of the sport],” he said. “If you are going to buy a Formula 1 team, people will buy it to make money, especially if it is bought by one of the PIF [Public Investment Fund of Saudi Arabia] companies. We see that Formula 1 is reaching new markets, sales are increasing worldwide.”<\/p>\n\nPrince Khalid bin Sultan Al-Abdullah Al-Faisal<\/cite>\n<\/blockquote>\n\n\n The prince also added that he would not be surprised if a Saudi team is announced, given the existing interest and sponsorship of teams.<\/p>\n\n\n Saudi Arabia debuted in Formula 1 in 2021. In addition, the energy company Aramco is a global partner of the sport and a principal sponsor of the Aston Martin team.<\/p>\n\n\n The Public Investment Fund (PIF) has already invested in McLaren and has a 20.5% stake in Aston Martin. The latter recently announced a fundraising of over \u00a3125 million.<\/p>\n\n\n There is speculation about the future of the Alpine team, owned by Renault, despite the French company’s insistence that selling is not in its plans.<\/p>\n\n\n Other Middle Eastern countries, such as Qatar and Bahrain, also have links to Formula 1. Qatar’s sovereign wealth fund owns a significant stake in the Audi team, and Bahrain’s fund is the majority shareholder of McLaren.<\/p>\n\n\n Saudi Arabia’s investment in sports has been significant in recent years, amid accusations of “sportswashing.” The country denies these accusations.<\/p>\n\n\n Formula 1 is experiencing a boom in the Middle East, with a notable growth of female fans. The region hosts four of the 24 races on the calendar.<\/p>\n\n\n The value of Formula 1 teams has increased, driven in part by the Netflix documentary series “Drive to Survive”.<\/p>\n\n\n Prince Khalid concluded: “Personally, I would like to see a Saudi team. But if Saudi Arabia or one of the Saudi companies get involved in one of the teams, I would like them to do it the right way and be successful. It’s a complicated question, but why not?”<\/p>\n","protected":false},"excerpt":{"rendered":" Saudi Arabia Could Invest in a Formula 1 Team According to the president of the kingdom’s automobile and motorcycle federation, Saudi Arabia could take the next step in its relationship with Formula 1: owning a team. Prince Khalid bin Sultan Al-Abdullah Al-Faisal, in a video conference prior to the Jeddah race, stated that there is […]<\/p>\n","protected":false},"author":1,"featured_media":3926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[442,654,644,655],"class_list":{"0":"post-3925","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-f1","8":"tag-formula-1","9":"tag-investment","10":"tag-saudi-arabia","11":"tag-team"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/posts\/3925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/comments?post=3925"}],"version-history":[{"count":0,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/posts\/3925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/media\/3926"}],"wp:attachment":[{"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/media?parent=3925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/categories?post=3925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alofokedeportes.com\/en\/wp-json\/wp\/v2\/tags?post=3925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Prince](\"https:\/\/a1.espncdn.com\/combiner\/i?img=%2Fphoto%2F2025%2F0415%2Fr1478958_1296x729_16%2D9.jpg\" "\\"\\"")