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Was the sale of F1 legal?
Last month American investment fund Liberty Media completed its historic takeover of Formula One but according to an article in the Daily Mail by Christian Sylt that may not be the end of the story. This is because a British politician has written to the European Commission (EC) demanding an investigation as she believes it was 'extremely likely' that the £6bn ($8bn) deal broke EU law. As any seasoned follower of Formula One knows, deals aren't really done and dusted even when the ink is dry on the contract. Four years ago London's High Court was home to a case which focused on the claim that the sale of F1 to the investment firm CVC seven years earlier was in fact illegitimate as a...
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8y ago from Pitpass.com
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