F1 goes the IPO way : $10 billion is the word
Formula 1 has always been the rich sport which is out of bounds for most people to participate/own/operate.
But nonetheless, it has grown multi-bounds in the last 2 decades.
Television took Formula 1 to newer markets and now it wants to go bazooka into the next decade.
The Plan : IPO and raising a staggering $10 Billion. This bonkers money is what “Formula One Group” (the F1 owning consortium) wants, to take F1 to newer countries and audience.
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