With oil funds and Formula One, Saudi Arabia steamrolls its way onto sports' hallowed grounds
Los Angeles Times -

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. Amid a bloom of fireworks over Jeddah's coast, dozens of drones buzzed in synchronicity to spell out the kingdom's goal: "Saudi Arabia. Home of Sporting Events." It's a vision that increasingly seems within reach. Backed by funds from the...

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