It’s amazing what you can do when your country is home to the third most valuable natural resource reserve in the world. Just this year, Saudi Arabia has tried to , confirmed for at least the rest of the decade and now teased a plan to try and buy the entire damn sport.

The latest development in Saudi Arabia’s slow takeover of top-tier motorsport came to light in . According to the site, the country’s sovereign wealth fund tried to buy Formula 1 from its current owners, Liberty Media, for “well above $20 billion.”

Saudi Arabia has reportedly spent more than $1.5 billion investing in various sports franchises in recent years. from human rights organization Grant Liberty, the nation has backed everything from chess and golf to tennis and horse racing in an attempt to “wash over” its poor human rights record.

So far, the country has also plowed more than $600 million into top-tier motorsport, with being a fixture on the sport’s calendar until 2030. So far, this has seen F1 host two events in the nation with a third at the Jeddah Corniche circuit .

Now, the nation is looking to up its ties to motorsport. According to Bloomberg, Saudi Arabia’s sovereign wealth fund “considered an attempt” to purchase F1 outright from its current owners, Liberty Media. The deal valued the sport at “well above $20 billion,” which is more than four times the $4.6bn . Bloomberg reports:

“A potential deal faltered in the early stages last year as F1’s owner Liberty Media Corp. was not interested in selling the high-profile franchise, which Saudi Arabia’s Public Investment Fund (PIF) valued at well above $20 billion including debt, the people said.

“The PIF remains interested in the asset and would be a serious bidder should Liberty Media change its mind and decide to sell, the people said, asking not to be identified discussing confidential information.”

The deal is to try and entice F1 out east. Last week, we reported on a move from the country to try and convince teams like McLaren and Aston Martin to move to Saudi Arabia’s new Neom city, which is currently under construction.

But F1 isn’t the only top-tier sport that’s attracting the attention of Saudi Arabia, the nation has also plowed funds into English Premier League soccer club Newcastle United FC and hosted major boxing meets.