News Details
FIA and EU Commission hurdles remain for Liberty buyout
Formula 1's sale to US tycoon John Malone's Liberty Media is yet to clear two significant hurdles, first and possibly foremost is the approval of the sport's governing body, the FIA. FIA president Jean Todt said in a statement that while he welcomes the 'long-term investment' by an impressive company, the FIA needs 'further information' about the 'possible consequences' of the deal. The second hurdle is the European Commission. Firstly, the EC must simply approve a transaction of this sort, but F1 business journalist Christian Sylt also warned of a potential 'conflict of interest'. That is because the FIA has a dual role as an approver of the buyout deal as well as a potential beneficiary...
Full Story »
Full Story »
9y ago from GrandPrix247.com
0
You May Also Be Interested In...
FIA welcomes Liberty Media F1 takeover, keen to know...
The FIA has welcomed Liberty Media’s takeover of Formula 1, but...
9y ago from GrandPrixTimes.com
FIA welcomes Liberty Media's F1 takeover
– Formula 1's governing body, the FIA, says it welcomes the arrival...
9y ago from GPUpdate.net
Todt: FIA look forward to working closely with Liberty...
The FIA, the governing body of the Formula One World Championship, was...
9y ago from GrandPrix247.com
Liberty Media: We are excited to become part of...
The acquisition of Formula 1 by Liberty Media Corporation from CVC is...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez ‘at peace' after securing 2025...
Factory Ducati rider Marc Marquez was lost for words after clinching his...
15h ago from MotorsportWeek.c...
Fabio Quartararo hails Marc Marquez as a legend as...
No description available...
17h ago from Motorsport.com
Gigi Dall’Igna: Marc Marquez’s clarity of mind is...
No description available...
13h ago from Motorsport.com
Francesco Bagnaia “didn’t recognise himself”...
No description available...
18h ago from Motorsport.com
Popular On IndyCarToday.com
Mick Schumacher to make IndyCar test debut with Rahal...
No description available...
2d ago from Motorsport.com
Mick Schumacher set for IndyCar test with RLL
Rahal Letterman Lanigan Racing has announced that it will bring in Mick...
2d ago from MotorsportWeek.c...
Andretti hires ex-Penske director Ron Ruzewski as...
Andretti Global announced on Wednesday that it has hired Ron Ruzewski as...
4d ago from MotorsportWeek.c...
Andretti Global signs ex-Penske Ron Ruzewski as team...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai WRT on the attack
Hyundai Shell Mobis World Rally Team is not taking their 2025 drubbing at...
2d ago from MotorsportWeek.c...
Mandated rest periods at WRC rallies to face FIA vote
No description available...
4d ago from Motorsport.com
Hyundai call set to boost Ott Tanak’s WRC title...
No description available...
5d ago from Motorsport.com
WRC swaps Sardinia for Rome as home of Rally Italy...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta praises ‘exceptional' Newcastle...
Arsenal manager Mikel Arteta could not hide his pride after watching his...
7h ago from CaughtOffside.com
Newcastle 1-2 Arsenal: Premier League – live reaction
enal moved up to second after late headers from Mikel Merino and Gabriel...
8h ago from TheGuardian.com
Late Arsenal goals seal huge win at Newcastle to close...
Gabriel's 96th-minute header sealed a dramatic 2-1 comeback victory for...
6h ago from SkySports.com
'Proved to everyone the team we are' | Arteta proud of...
Mikel Arteta was proud of his side for their late comeback against...
7h ago from SkySports.com
Comments
Hottest News
“They made me cry at the end of the day,' claims Grosjean...
Former Formula One driver Romain Grosjean made a... Read More »
1h ago from F1Technical.net
Adrian Newey summoned for exclusive Ferrari launch
F1 design legend Adrian Newey was summoned to an... Read More »
5h ago from GPFans.com
Brundle shares ‘tricky decision’ as statement confirms...
F1 legend Martin Brundle has been forced to... Read More »
17h ago from GPFans.com
