–by Mark Cipolloni–
Today, F1’s market cap (Total shares multiplied by current share price) is $29 Billion.
If Liberty Media were to sell F1, it would be valued as a business and that price is almost always higher than the market cap.
If the Saudi’s wanted to pay $20 billion to buy F1, the right price would probably be closer to $35 to $40 billion (Related Article)
Liberty bought F1 from CVC in 2017 for $4.4 billion, so the business has grown substantially in those 6 years, a real success story.
Liberty Media has done wonders for the sport. They also wanted to buy IndyCar when they were buying F1. Imagine where IndyCar would be today if Liberty media had bought it!