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Opinion: Why F1 could face major competition
Article To news overview © XPBimages Whether (or not) FIA President Mohammed Ben Sulayem’s tweeted comments about the reported $20bn value of Formula 1’s commercial rights contravene securities laws or breach Formula 1’s 100-year rights agreement between the FIA (owner) and Liberty Media (incumbent lessee) is ultimately for lawyers and judges to decide – if, that is, the matter even gets that far. Equally, whether the Emerati’s triple-thread tweet was clumsy, ill-advised or a pre-planned snipe at the US-owned company is unclear; what is, though, absolutely certain is that his phrases elicited a furious response from the Liberty-owned F1 rights holder, whose lawyers within 24...
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1y ago from RacingNews365.com
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