Motorsport Week
  • Formula 1
    • 2025 Formula 1 Calendar
    • 2025 Formula 1 Standings
  • Formula E
    • 2025 Formula E Calendar
    • 2025 Formula E Standings
  • IndyCar
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WRC
    • 2025 WRC Standings
    • 2025 WRC Calendar
  • MotoGP
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
  • WEC
    • 2025 WEC Calendar
  • IMSA
    • 2025 IMSA Calendar
  • World SBK
  • More
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
  • Formula 1
    • 2025 Formula 1 Calendar
    • 2025 Formula 1 Standings
  • Formula E
    • 2025 Formula E Calendar
    • 2025 Formula E Standings
  • IndyCar
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WRC
    • 2025 WRC Standings
    • 2025 WRC Calendar
  • MotoGP
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
  • WEC
    • 2025 WEC Calendar
  • IMSA
    • 2025 IMSA Calendar
  • World SBK
  • More
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
Motorsport Week

FIA rejects ‘malicious’ reports over F1 sale

by
8 years ago
A A
0
Share on FacebookShare on Twitter

The FIA has issued a statement responding to "malicious" reports relating to the recent sale of Formula 1 to Liberty Media and the governing body's one per cent shareholding in the series' previous holding company, Delta Topco.

Liberty Media announced back in September that it had agreed a deal to acquire F1 in an $8 billion deal that was completed in January, with American executive Chase Carey taking over as CEO and chairman following Bernie Ecclestone's resignation.

Following suggestions that the FIA held a conflict of interest in the sale of F1 given its one per cent stake and need to approve Liberty's takeover, a statement was issued on Thursday dismissing such claims.

"Following the unanimous approval by the World Motor Sport Council of the change of control of Delta Topco Limited (the holding company of the Commercial Rights Holder of the FIA Formula One World Championship) from CVC Capital Partners in favour of Liberty Media Corporation on 18 January 2017, the Fédération Internationale de l'Automobile (FIA) has been made aware of certain declarations and comments, clearly inaccurately informed or made maliciously, relating to this process," the statement reads.

RelatedPosts

Palou recovered to finish on the podium, but still lost his chance at the win. Photo: Kevin Dejewski

Alex Palou chooses to view costly Mid-Ohio mistake as a ‘good save’

2 hours ago
Nico Hulkenberg stormed from the back of the grid to claim a podium at Silverstone

Sauber: Nico Hulkenberg has ‘monkey off his back’ with F1 British GP podium

3 hours ago

"In light of this, the FIA wishes to make clear the following once again:

"Firstly, the prize money allocated in the Formula One World Championship is done so in accordance with the bilateral agreements that exist between each team and the Commercial Rights Holder (CRH).  The FIA has no knowledge of these agreements.

"Secondly, there is no conflict of interest on the part of the FIA with regard to its approval of the change of control of the CRH which has been approved by the World Motor Sport Council taking into consideration exclusively the terms of the existing agreements between the CRH and the FIA and the best interests of the Championship.

"As per the Agreements made in 2001 for 100 Years, the FIA could only have withheld its consent in the event that the change of control would materially alter the ability of the CRH to fulfil its obligations; it is obvious that the taking of control of the Formula One Group by Liberty does not create such a risk, and nobody has ever suggested a different view in this respect.

"The FIA would naturally be happy to demonstrate the absence of any conflict of interest to any competent authority that may so request.

"Once again, the FIA looks forward to its collaboration with both Liberty and the Formula One Group to create a constructive relationship that will ensure the continued success and the development of the FIA Formula One World Championship in the long term."

Share200Tweet125Share

Related Posts

Palou recovered to finish on the podium, but still lost his chance at the win. Photo: Kevin Dejewski
IndyCar

Alex Palou chooses to view costly Mid-Ohio mistake as a ‘good save’

2 hours ago
Nico Hulkenberg stormed from the back of the grid to claim a podium at Silverstone
Formula 1

Sauber: Nico Hulkenberg has ‘monkey off his back’ with F1 British GP podium

3 hours ago
Dixon needed a mistake from his team-mate to earn victory at Mid-Ohio. Photo: Kevin Dejewski
IndyCar

IndyCar Mid-Ohio – Race Results

3 hours ago
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

You can manage the subscriptions of this post.

Latest News

Palou recovered to finish on the podium, but still lost his chance at the win. Photo: Kevin Dejewski

Alex Palou chooses to view costly Mid-Ohio mistake as a ‘good save’

July 6, 2025
Nico Hulkenberg stormed from the back of the grid to claim a podium at Silverstone

Sauber: Nico Hulkenberg has ‘monkey off his back’ with F1 British GP podium

July 6, 2025
Dixon needed a mistake from his team-mate to earn victory at Mid-Ohio. Photo: Kevin Dejewski

IndyCar Mid-Ohio – Race Results

July 6, 2025
Motorsport Week

© 2024 Motorsport Media Services Ltd

Other Links

  • About & Contact
  • Privacy Policy
  • Motorsport Monday

Follow Us

No Result
View All Result
  • Login
  • Sign Up
  • Home
  • Formula 1
    • Latest News
    • 2025 F1 Calendar
    • 2025 F1 Championship Standings
  • Formula E
    • Latest News
    • 2025 FE Calendar
    • 2025 FE Championship Standings
  • MotoGP
    • Latest News
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
    • World Superbikes
  • WRC
    • Latest News
    • 2025 WRC Calendar
    • 2025 WRC Standings
  • IndyCar
    • Latest News
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WEC
    • Latest News
    • 2025 WEC Calendar
  • Live Updates
  • Other
    • IMSA
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
  • Galleries
  • About/Contact
  • Privacy Policy

© 2024 Motorsport Media Services Ltd