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European Commission looking into F1 business practices
The European Commission (EC) is now looking into potential anti-competition breaches within Formula 1 with a view to investigating irregularities, according to several international media reports.
Following British politician Anneliese Dodds' recent letter, Auto Motor und Sport said she met this week in Strasbourg with the EC's competition commissioner to 'exchange ideas'.
Dodds' letter had raised concerns not only about the inequitable distribution of power and wealth among Formula 1's biggest teams, but also the regulatory body FIA having taken a 1.06 per cent stake in the sport's commercial rights.
After the Strasbourg meeting, a source close to the situation told Formula 1 business...
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9y ago from GrandPrix247.com
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