With oil funds and Formula One, Saudi Arabia steamrolls its way onto sports’ hallowed grounds - Hawaii Tribune-Herald

Hawaii Tribune-Herald

Center

High Factuality

Private Equity: Torstar

Individual: David Black

With oil funds and Formula One, Saudi Arabia steamrolls its way onto sports’ hallowed grounds - Hawaii Tribune-Herald

JEDDAH, Saudi Arabia — To understand the scope of Saudi Arabia’s ambitions in the sporting landscape, don’t look just to this spring’s Formula One race in Jeddah — which ended with a predictable one-two win for the Red Bull team. The revealing action was at the after-party.