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 »
Full Story »
9y ago from GrandPrix247.com
0
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...
9y ago from GrandPrixTimes.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
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
Liberty Media: We are excited to become part of...
The acquisition of Formula 1 by Liberty Media Corporation from CVC is...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Alex Marquez targeting factory MotoGP seat at Yamaha...
No description available...
2h ago from Motorsport.com
Honda tops MotoGP’s Sepang Shakedown as Aleix...
No description available...
1h ago from Motorsport.com
Pedro Acosta to race for Ducati in 2027 alongside Marc...
No description available...
1d ago from Motorsport.com
Toprak Razgatlioglu: MotoGP's newest superstar
On one fateful day, June 10, 2025, news finally broke that would mark one...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Freedom 250 will be "economic benefit” to...
No description available...
17h ago from Motorsport.com
Donald Trump signs executive order confirming IndyCar...
No description available...
19h ago from Motorsport.com
Cindric returns to Team Penske for 2026 as...
No description available...
1d ago from Motorsport.com
Tim Cindric returns to Penske in race strategist role
Team Penske has announced the strategist line-up for its 2026 IndyCar...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
New WRC winter tyre expected in 2027 after Monte Carlo...
No description available...
1d ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
2d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
4d ago from Motorsport.com
Rally USA return edges closer for 2027 as WRC plans...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal eye versatile Real Madrid gem as their...
Arsenal are looking to improve the team with the signing of Real Madrid...
2h ago from CaughtOffside.com
Arsenal board issue brutal ultimatum to Arteta after...
Arsenal manager Mikel Arteta is reportedly under pressure from the club...
3h ago from CaughtOffside.com
Arsenal very serious about signing midfield gem as Man...
Lille midfielder Ayyoub Bouaddi has been linked with a move away from the...
4h ago from CaughtOffside.com
Leeds preview: Change it around to try and find the...
Morning all. It's now 28 days since Arsenal last won a Premier League...
4h ago from Arseblog.com
Comments
Hottest News
Fernando Alonso confirms significant Aston Martin detail...
Fernando Alonso got his first taste on Friday of... Read More »
2h ago from RacingNews365.com
Martin Brundle reveals F1 quirk that could see Mercedes...
F1 legend Martin Brundle has noted a potential... Read More »
1h ago from GPFans.com
F1: Round 1 to Mercedes
Shakedown stats suggest that Mercedes has reacted... Read More »
2h ago from Pitpass.com
