Saudi Arabia's Grand Prix Ambitions: Inside the Kingdom's Push for Formula 1 Team Ownership

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:

1. 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

2. 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

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.