The Commission may fine the FIA to $168 million for the sale of 1% stake in Formula 1

Еврокомиссия может оштрафовать FIA на $168 млн за продажу 1% акций Формулы 1

It seems that the European Commission is seriously interested in selling the Formula 1 of the American Corporation Liberty Media.

As reported by F1i, British member of the European Parliament Annelise Dodds urged to investigate the deal, saying that it is suspected of violating the law and the conflict of interest with the FIA.

In early January, the international automobile Federation, as a shareholder of Formula 1, gave the “green light” for the sale of shares in Liberty Media, and the results of the transaction made a profit in the amount of 80 million dollars.

In 2013, the FIA has acquired a 1% stake in F1 over 459 thousand dollars. According to Dodds, it was a direct violation of the agreement with the EU concluded with the aim to avoid conflicts of interest.

It is noteworthy that in October last year, the former President of the FIA Max Mosley warned about such development of events.

Max Mosley the FIA can cause problems because 1% of the shares of Formula 1

According to the newspaper Times, which will be discussed on the vote of the parliamentary Committee on economic and monetary Affairs.

“The Commission is not obliged to start an investigation, but the successful vote could make that happen,” – said the correspondent Rebecca Clancy.

One of the possible consequences of the transaction to the FIA, as expected, can be a fine of $ 168 million.

“It is important not to let sports, followed by the 500 million fans, became less competitive,” said Dodds.

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Source translated by Яндекс.Переводчик

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