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 »
8y 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...
8y ago from GrandPrixTimes.com
FIA welcomes Liberty Media's F1 takeover
– Formula 1's governing body, the FIA, says it welcomes the arrival...
8y 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...
8y 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...
8y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin confirms desire to leave Aprilia for...
No description available...
2h ago from Motorsport.com
Jorge Martin confirms intention to leave Aprilia at...
Reigning World Champion Jorge Martin has released a statement confirming...
2h ago from MotorsportWeek.c...
Honda MotoGP Luca Marini suffers major injury in...
Honda HRC Castrol MotoGP rider Luca Marini sustained major injuries...
18h ago from MotorsportWeek.c...
‘Major acceleration' in talks between Toprak...
Reports state that there has been a "major acceleration" in...
22h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Veteran engineer Michael Cannon returns to Dale Coyne...
Dale Coyne Racing has announced that it has re-hired expert engineer...
16h ago from MotorsportWeek.c...
Three drivers lose Indy 500 finishing positions after...
The NTT IndyCar Series has penalized three drivers following the...
2d ago from MotorsportWeek.c...
Andretti Global, Prema Racing issued suspensions and...
No description available...
2d ago from Motorsport.com
Exclusive: Alex Palou “woke up at 3am and couldn't...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Co-driver dies after crash during Jim Clark rally in...
Roberts, 39, was pronounced dead at the scene near Duns in the Scottish...
4d ago from TheGuardian.com
Rally Portugal criticism causes WRC, FIA to address...
No description available...
1w ago from Motorsport.com
WRC signs new deal to race in Portugal until at least...
No description available...
6d ago from Motorsport.com
WRC Portugal: Sebastien Ogier claims record-extending...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal sent double Rafael Leao, Kaoru Mitoma transfer...
Arsenal expert Charles Watts explains why he is leaning towards a move for...
58m ago from SportsMole.co.uk
'Always been the club's priority target' –...
Arsenal expert Charles Watts has discussed the recent transfer links with...
1h ago from CaughtOffside.com
Episode 832 – Player ratings
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
1h ago from Arseblog.com
The Reneesance
When Jonas Eidevall resigned as the Head Coach of Arsenal Women in...
28m ago from Arseblog.com
Comments
Hottest News
F1: Tombazis explains new wing tests
As the FIA introduces its much-anticipated new... Read More »
1h ago from Pitpass.com
Lewis Hamilton handed Ferrari behaviour verdict after...
An ex-Formula 1 star has declared his support for... Read More »
1h ago from GPFans.com
FIA to trial new skid block design during F1 Spanish GP...
F1 teams will run a revised skid block at the... Read More »
1h ago from MotorsportWeek.com