Earlier this yeaﷺr there were reports that F1 could be sold to the Saudi Arabia Public Investment Fund for an astonishing $20bn.

According to Bloomberg, the bid was made in 2022, with Saౠudi Arabi🀅a “open to raising it”.

The speculation about a bid result🔜ed in a surprise statement from FIA president Mohammed Ben Sulayem, who called for “common sense”.

• Liberty Media rej🤪ect Saudi Arabia's $20 billion bid to buy F1

“As the custodians of motorsport, the FIA, as a non-pro♚fit organisation, is cautious about alleged inflated price tags of $20bn being put on F1,” Ben Sulayem said. “Any potential buyer is advised to apply common s🌃ense, consider the greater good of the sport and come with a clear, sustainable plan – not just a lot of money.

“It is our duty to consider what the future impact will be for promoters in terms 🌟of increased hosting fees and other commercial costs, and any adverse impact that it could have on fans.”

Speaking at the MoffettNathan♐son Inaugural ♈Technology, Media and Telecom conference, Maffei dismissed any suggestions that Liberty were looking to sell.

“Is there any chance we’re going to sell this thing and incur corporate tax?” he explained. “That should stop any discussion that anyone says that our friends, the Saudis, 𒅌are going to buy it next week or something like that? 

“If anybody knows us, they sh🐟ould know that’s just not in our cards.”

With F1 enjoying remarkable gro♚wth over the last few years, Maꦇffei says Liberty Media are still “very enthused” about where the sport is going.

“We are very enthused about where F1🏅 is now but [also] where it’s going as well. You look at the big revenue streams there, all have good dir🐠ection," he added.

"In broadcasting we have increased fans and we have increased distributors who want to push the product, including new digital distributors and the like.  We 🐓have promoters who are our partners."