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EU to investigate F1
Force India and Sauber have finally lodged the official complaint that will kick-start a European Union investigation into Formula One. In November last year, British politician Anneliese Dodds, Labour MEP for the South East England region, and just a few months into her new role, wrote to Europe's competition commissioner Margrethe Vestager, calling on her to investigate two moves made by the FIA which she claimed were questionable. The first was the FIA's acceptance of a 1% stake in the F1 Group which runs F1, a deal that could be worth as much as $120m should CVC, which controls the F1 Group, successfully reach its $12bn target when selling the business. The second being the formation...
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10y ago from Pitpass.com
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