News Details

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 two significant hurdles, first and possibly foremost 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 potential beneficiary...
Full Story »
8y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

FIA welcomes Liberty Media F1 takeover, keen to know...

The FIA has welcomed Liberty Media’s takeover of Formula 1, but...
8y ago from GrandPrixTimes.com

FIA welcomes Liberty Media's F1 takeover

– Formula 1's governing body, the FIA, says it welcomes the arrival...
8y ago from GPUpdate.net

Todt: FIA look forward to working closely with Liberty...

The FIA, the governing body of the Formula One World Championship, was...
8y ago from GrandPrix247.com

Liberty Media: We are excited to become part of...

The acquisition of Formula 1 by Liberty Media Corporation from CVC is...
8y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Chip Ganassi: ‘We’re spoiled’ having drivers...

Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...

IndyCar Portland – Race Results

The final road course event of the 2025 IndyCar season was contested on...

Alex Palou clinches title, becomes IndyCar’s newest...

Alex Palou is the champion of the 2025 NTT IndyCar Series, having locked...

Popular On TotalWRC.com

Kalle Rovanperä hits the jackpot

Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...

Popular On GunnersToday.com

Arsenal will look to sign LaLiga superstar if they...

Arsenal have reportedly made Real Madrid forward Rodrygo their Plan B if...
1h ago from SportsKeeda.com

Offer accepted: Arsenal very close to finalising...

Arsenal are now closing in on the capture of Eberechi Eze from Crystal...
6h ago from CaughtOffside.com

Theo Walcott makes scoreline prediction for Premier...

Former Premier League star Theo Walcott has backed Arsenal to beat...
5h ago from SportsKeeda.com

Gyokeres, Sesko, Ekitike - Forwards with power to...

With Premier League clubs making major upgrades to their attacking...
9h ago from SkySports.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.