News Details
Formula 1 takeover must clear two hurdles
Formula 1 takeover must clear two hurdles F1's sale to US tycoon John Malone's Liberty Media is yet to clear two significant hurdles. The first is the approval of the sport's governing body, the FIA. FIA president Jean Todt said in a statement that while he welcomes the 'long-term investment' by an impressive company, the FIA needs 'further information' about the 'possible consequences' of the deal. The second hurdle is the European Commission. Firstly, the EC must simply approve a transaction of this sort, but F1 business journalist Christian Sylt also warned of a potential 'conflict of interest'. That is because the FIA has a dual role as an approver of the buyout deal as well as a...
Full Story »
Full Story »
9y ago from ThisIsF1.com
0
You May Also Be Interested In...
FIA and EU Commission hurdles remain for Liberty buyout
Formula 1's sale to US tycoon John Malone's Liberty Media is yet to clear...
9y ago from GrandPrix247.com
FIA welcomes Liberty Media F1 takeover, keen to know...
The FIA has welcomed Liberty Media’s takeover of Formula 1, but...
9y ago from GrandPrixTimes.com
Todt: FIA look forward to working closely with Liberty...
The FIA, the governing body of the Formula One World Championship, was...
9y ago from GrandPrix247.com
FIA welcomes Liberty Media's F1 takeover
– Formula 1's governing body, the FIA, says it welcomes the arrival...
9y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Why Jorge Martin is back - but not at his best yet in...
No description available...
22m ago from Motorsport.com
MotoGP's Concorde Agreement edges closer as talks near...
No description available...
6h ago from Motorsport.com
MotoGP completes investigation into Brazilian GP...
No description available...
21h ago from Motorsport.com
Maverick Vinales and Jorge Lorenzo's partnership cools...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Will Power compares ‘military-like’ Andretti to...
When Will Power signed a contract to join Andretti Global for the 2026...
18h ago from MotorsportWeek.c...
Will Power: “You cannot have a weakness” going...
No description available...
18h ago from Motorsport.com
Carb day concert line-up announced for Indy 500
Indianapolis Motor Speedway has announced which bands will be playing on...
1d ago from MotorsportWeek.c...
Legacy Grand Prix of Long Beach promoter Jim...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
2d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
4d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
4d ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Backlash against Ipswich Town shows why football can't...
Politics has wormed its way back into football, and Reform UK are thrilled...
1h ago from CaughtOffside.com
Sources: Arsenal 'offered' chance to sign Liverpool...
Arsenal have been given an exciting opportunity in the transfer market as...
1h ago from CaughtOffside.com
Agents want Newcastle star to leave for Premier League...
The agent of Newcastle United midfielder Sandro Tonali is keen for his...
1h ago from CaughtOffside.com
60m-rated duo on Arsenal's list of transfer targets...
Arsenal are reportedly eyeing two new right-backs as they assess options...
4h ago from CaughtOffside.com
Comments
Hottest News
The ‘long conversation’ that may have led to...
The Formula 1 paddock is no stranger to shock... Read More »
6h ago from F1i.com
F1 drivers facing reduced Japanese GP threat after sudden...
A sudden change has reduced the threat facing F1... Read More »
2h ago from RacingNews365.com
Cadillac looking to build in Japan on team’s ‘strong...
Cadillac arrive at the Japanese Grand Prix... Read More »
42m ago from F1i.com
