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European Commission could block F1 sale
As is often the case with the business of F1, the origin of the current problem lies way back in the past. Remember when Ecclestone ended up in court in 2013 defeating charges that he undervalued F1 by paying a bribe? That was based on events which took place in 2005. More recently, the sale of Silverstone to Jaguar reportedly hit the buffers due to a veto held by Porsche which was granted in 2008 when it opened a driving centre at the track. Now we have Liberty's proposed buyout and the problem this time stretches back to 2001 when F1's previous parent company paid £218 million ($313 million) to buy the rights to the sport for 100 years from 2011. It bought the rights from the FIA...
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9y ago from Pitpass.com
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