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F1 buyout at risk over investigation into 'conflict of interest'
The takeover of Formula One by Liberty Media could be at risk due to a vote yesterday by the European Parliament for an 'immediate investigation' into the deal due to claims that it broke the law. The European Parliament is essentially the government of Europe and it voted on whether to approve its annual Competition Report which lists areas that it recommends investigating. F1 is one of them as paragraph 144 'calls for an immediate investigation into competition concerns arising from the Formula One motorsport industry.' It was approved with an overwhelming majority of 476 in favour compared to 156 against and it seems the clock is now ticking down to a full-blown investigation by...
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