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F1 is inching closer to a full investigation by the European Commission. That is the claim of London's Times newspaper, revealing that politicians want the body to look into how prize money is distributed, tax arrangements, and the FIA's financial windfall as a result of the Liberty Media buyout.
In the parliament's latest competition report, politician Anneliese Dodds "calls for an immediate investigation into competition concerns arising from the formula one motor sport industry". That has now been backed by the parliament's committee on economic and monetary affairs "and is expected to be voted through", Times correspondent Rebecca Clancy reveals.
"The Commission is under no obligation to launch an investigation, but a successful vote would increase the pressure on it to do so," she added. Clancy said one possible outcome for F1 is a fine of $168 million. "We must ensure that we don't allow a sport loved by 500 million fans to become increasingly less competitive," British politician Dodds said. (GMM)
Do it!
I reckon Bernie knows choppy waters are a coming, he sells it, Liberty end up failing and he buys it back on the cheap, you heard it here first.............
Agreed. Wouldn't put it past that cancerous scum.
Bernie has so much to answer for in spoiling a sport we all love over recent years in the name of GREED. I hope liberty have been cute and put a caveat into the contract making him liable for any court actions emanating prior to January 2017. If not then a bung to the court will no doubt work a treat and get the matter dropped as seems normal in EU cases or at leats some EU states. As for TV - I wonder if a total boycott of 12 months by all european fans would get Sky to pull out of the deal and give the sport back to the majority of fans.
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talktohenry
Posts: 362
I reckon Bernie knows choppy waters are a coming, he sells it, Liberty end up failing and he buys it back on the cheap, you heard it here first.............