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Europe could put brakes on F1 sale warns Mosley
Former FIA president Max Mosley has warned that the European Commission could put the brakes on the sale of F1 to Liberty Media. Before current majority owners CVC can get the deal through, it needs to be approved not only by the governing FIA but also the European Commission (EC). That is because, when Mosley was in charge, it was agreed with the EC that the FIA would never take a commercial interest in F1. But the FIA currently owns a 1 per cent share in the commercial rights, which means that approving the Liberty sale could net the Paris federation a cool $90 million. Asked if that is a conflict of interest, Mosley told Britain's Sky: 'You could say that, I suppose. It's arguably...
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8y ago from GrandPrix247.com
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