The European Parliament gave its approval to the initiation of an investigation concerning the possession of the FIA 1% of the shares of Formula 1, as well as the unfair distribution of prize payouts.
Today it became known that Annelise Dodds, a British member of the European Parliament, insisted on the investigation of the management of F1 and the system of payment distribution.
In 2015, Force India and Sauber filed a complaint against the unfair distribution of prize payouts, however, a full investigation has not yet begun.
Dodds in his report called for the immediate commencement of the hearing.
According to the results of today’s vote, it became known that 467 people have called for the beginning of the investigation, 156 against and 86 abstentions.
“I am pleased that the European Parliament supported this initiative and called for an investigation of conflict of interest in Formula 1, – said Dodds. — a few weeks ago Manor Racing ceased to exist after are unable to find a potential buyer.
Small teams are at a disadvantage because of the unfair system of distribution of prize money, according to which larger teams receive more money, even if in the trailing end of the peloton.
F1 problems go far beyond the distribution of payouts: many questions arise about the agreement with the tax and customs service of great Britain, according to which sport pays only 2% on taxes.
There is also a significant conflict of interest in connection with the recent deal with Liberty Media, which resulted in the regulator [the FIA] got a profit of 79.5 million dollars.
I wrote several letters to the European Commission calling for a full investigation, and I thank the European Parliament for support of this decision.
We must not allow the loss of jobs in this sector, as well as reducing the level of competition in the favorite for half a billion fans of the sport.”
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