Formula One is worth discussing. F-1 is owned by Liberty Media and has a current market value of $21 Bn. That makes it one of the most valuable Sports Empires as ranked by Forbes. F-1 has 500 million viewers making it the fifth most watched Sport in the world. U.S. Viewers average 1.24 million per race. This is another Sport where Saudi Arabia is a principal player with a $378 million investment over 10 years starting in 2020 by Aramco; a firm that the Saudi Government has a 95 percent stake in. The CAGR for F-1 Racing is estimated at 14 percent through 2028. Given that growth rate will Saudi Arabia take a larger stake in the Sport? #FormulaOne #LibertyMedia #GrowthSports #GreatBritain #WesternEurope #USGrowth #Aramco #LinkedInSports
The significant market worth and increasing number of viewers of Formula One are noteworthy. The investment made by Saudi Arabia via Aramco could have a crucial impact, particularly given the expected growth rate of 14% until 2028. Given this trajectory, it is reasonable to speculate that Saudi Arabia might aim to obtain a more significant share to capitalize on F1's worldwide appeal, thus helping with their global footprint. What are your thoughts on the ethical implications of women's rights concerns within the kingdom and potential attacks by organized watchdog groups?
F1 was another sleeping giant the Saudis smartly jumped into
American FIA Formula 3 and USF Pro 2000 Race Driver, Official Hard Rock Athlete, Wilhelmina model, Infinity Sports Management, Strategic partner to the Navy SEAL Foundation
1yAmerican viewers actually average around 1.24 million per race with attendance at the US GP in Austin Texas around 400,000 and Miami GP around 270,000. Las Vegas GP numbers coming in November. The Formula One teams values have increased as well. According to Forbes, on average, Formula 1’s ten teams are worth $1.88 billion, an incredible 276% increase from the $500 million average when Forbes last valued the series’ teams in 2019