News Details
EU will not investigate Formula 1 sale
The European Union competitions commission has rejected calls to investigate the sale of Formula 1 to new owners Liberty Media. Motorsport's governing body, the FIA, gave its approval for the sale last month, paving the way for the deal to be completed. There has since been suggestions of a conflict of interest, given the FIA stood to gain in any sale, based on owning a 1 percent stake in F1. That led to the FIA defending itself with a statement that declared the questioning of its role in approving the takeover as "inaccurately informed" or "malicious". MEP Anneliese Dodds has been pushing for an investigation into anti-competition practices, with the European...
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8y ago from Motorsport.com
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