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FIA approves F1 takeover
The takeover of Formula 1 is nearing completion after the FIA approved Liberty Media's purchase of the sport. In a meeting of the World Motor Sport Council in Geneva on Wednesday, F1's governing body unanimously voted through the US media company's company's takeover. Representatives from Liberty made "a detailed presentation of their strategy" for the sport with WMSC members describing F1's prospective new owners as "clearly well positioned to ensure the continued development" of F1. "Liberty, Formula One Group and the FIA intend to collaborate to create a constructive relationship that will ensure the continued success and the development of the FIA Formula One...
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7y ago from SkySports.com
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