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FIA guaranteed income from F1 stake deal?
Yesterday Pitpass' business editor Christian Sylt revealed that if Formula One finally floats on the stock market the FIA will get a 1% stake in it. The shares are part of a package of benefits offered by Bernie Ecclestone in return for the FIA coming to an agreement on a new Concorde Agreement - commercial terms which will be in force until the end of 2020. The big question is whether the FIA will ever get income from the stake.An Initial Public Offering (IPO) of shares in F1 has been planned since the late 1990s when it ended up in the pits. It was thought that it didn't get the green light because of an anti-competition investigation by the European Commission but in recent court...
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11y ago from Pitpass.com
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