Saudi Arabia Weighs Launching Own F1 Team

Saudi Arabia is considering acquiring or forming a Formula 1 team as part of its broader push into global motorsport, according to Prince Khalid bin Sultan Al-Abdullah Al-Faisal. The kingdom already hosts a Grand Prix since 2021, sponsors teams through companies like Aramco and Maaden, and holds a 20.5% stake in Aston Martin with prior involvement in McLaren. With F1's expanding global reach and rising revenues, a Saudi-backed team—potentially supported by the Public Investment Fund—could be financially viable. The process is complex, requiring careful selection and management, particularly given the sport's competitiveness and evolving regulations. There is currently room for a new team, as the Concorde Agreement allows up to 12 entrants, and only 11 will compete after Cadillac's planned 2026 entry. Any move would further Saudi Arabia's strategy to grow its presence in international sport and business.