Lawyers representing F1 and Liberty Media wrote a letter, seen by Sky Sports, saying that FIA president Mohammed Ben Sulayem had overstepped his bounds in publicly discussing F1’s value.

The letter was triggered by tweets from Ben Sulayem, who was responding to a Bloomberg report that Saudi Arabia’s Public Investment Fund was interested in bidding $20 billion for F1.
Ben Sulayem called that figure an “inflated price tag” and asked potential buyers to “consider the greater good of the sport and come with a clear, sustainable plan — not just a lot of money.”
He also suggested that a huge purchase like that could lead to “increased hosting fees and other commercial costs” and have an ”adverse impact” on fans.