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FIA ‘only rented out' F1 rights – president
Jan.26 FIA president Mohammed Ben Sulayem insists that Formula 1's governing body will have a say on who controls the commercial rights. This week, F1's American owner Liberty Media lashed back at Ben Sulayem after he said the FIA is 'cautious' about reports that Saudi Arabia is interested in buying the sport for $20 billion. Formula 1's legal department slammed the FIA chief's comments as 'unacceptable', insisting Liberty Media has the 'exclusive right' to 'exploit the commercial rights'. F1 concluded by threatening potential legal action against the FIA, indicating that the new-in-2022 president of the Paris-based federation has kicked off a period of potential internal conflict....
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2y ago from OneStopStrategy.com
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