News Details
Liberty Media buy-out faces numerous challenges
As Liberty Media increases the size of its stake in F1, the buy-out faces a number of challenges. The news that the UK's Competition and Markets Authority (CMA) is to investigate Liberty Media's purchase of F1 comes at a time the European Commission (EC) is already considering investigating the sport following the ant-trust complaint lodged by Force India and Sauber regarding the way in which the sport's $903.8m prize pot is divided. Should the EC go ahead with its investigation, and deem the prize money contracts - which include all manner of bonuses - to be anti-competitive it would have the power to scrap the various deals most of which have been agreed behind closed doors. With...
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8y ago from Pitpass.com
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