this post was submitted on 27 Oct 2023
29 points (91.4% liked)

Formula 1

9059 readers
33 users here now

Welcome to Formula1 @ Lemmy.world Lemmy's largest community for Formula 1 and related racing series

Rules

  1. Be respectful to everyone; drivers, lemmings, redditors etc
  2. No gambling, crypto or NFTs
  3. Spoilers are allowed
  4. Non English articles should include a translation in the comments by deepl.com or similar
  5. Paywalled articles should include at least a brief summary in the comments, the wording of the article should not be altered
  6. Social media posts should be posted as screenshots with a link for those who want to view it
  7. Memes are allowed on Monday only as we all do like a laugh or 2, but don’t want to become formuladank.

Up next

F1 Calendar

2024 Calendar

Location Date
🇺🇸 United States 21-23 Nov
🇶🇦 Qatar 29 Nov-01 Dec
🇦🇪 Abu Dhabi 06-08 Dec

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
29
Pirelli to manufacture tyres in Saudi Arabia - GRAND PRIX 247 (www.grandprix247.com)
submitted 1 year ago by [email protected] to c/[email protected]
4 comments fedilink hide all child comments
 

PIF, Saudi Arabia’s $700-Billion sovereign wealth fund, will hold a 75% stake in the new JV, with Pirelli holding the remaining 25% and providing the technical and commercial support for the development of the project, the two groups said.

Reports back in January claimed that the PIF was targeting to buy Formula 1 from commercial rights holders Liberty Media and planning to pay up to $20-Billion.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 14 points 1 year ago (1 children)

If they'd actually buy F1 that would probably be the end of F1 as we know it.

[–] [email protected] 3 points 1 year ago

I hope Formula 1 dies if that happens. I'll just skip motorsport for a while.