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FIA role in F1 sale to Liberty Media under investigation
France based financial corruption investigators are looking into the role played by the FIA in the $4.4-billion sale of Formula 1 to Liberty Media. New York Times reports that the investigators are wanting to know if there was a conflict of interest when the FIA consented to the sale which when accounting for debt totaled $8-billion Parquet National Financier, who investigate suspected corruption in sports, are handling the matter after the Serious Fraud Office in Britain started made a preliminary enquiry in the aftermath of the sale. The New York Times wrote: 'Investigators’ concerns center on a deal known as the Concorde Agreement that the federation signed in 2013 in its role as the...
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