A new team financed by Saudi capital?

Since the arrival of the Haas F1 Team in 2016, no new competitor has entered Formula 1: a situation that could change in the medium term if we are to believe some rumors …

The information comes from Italy and must be viewed with the usual caveats, but it is based on some interesting parameters.

According to our colleagues fromAutosprint, former Italian Prime Minister Matteo Renzi (46), currently senator for the Florence region, is said to be involved in a plan for a new F1 team.

This would be financed by capital from Saudi Arabia where Renzi recently visited on the sidelines of his visit to the Bahrain Grand Prix (on the left of the photo above, with Jean Todt and Salman Bin Al-Khalifa , the chairman of the circuit).

Officially, Renzi was in the Sakhir paddock to preach the cause of the Mugello autodrome, located on the heights of Florence, the scene of a Grand Prix last September.

Saudi Arabia is investing more and more in motorsport with an F1 Grand Prix scheduled for next December in Jeddah as well as the Dakar, Formula E and more recently the Extreme E. The country also has its cycling team. professional, just like Bahrain and the United Arab Emirates.

There is no doubt that the Saudis have the means of their policy and the new economic model of Formula 1 in which the teams would be valued in the form of a franchise makes the investment less risky than before. To be continued …

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