Why talk of foul play in F1 sale is wrong
Allegations of conflicts of interest over Formula 1's commercial rights sale prompted a strong retort from the FIA. Was there any foundation in the rumours?
Following a barrage of criticism aimed at the FIA about alleged conflicts of interest over its approval for the sale of Formula 1's commercial rights by CVC Capital Partners to Liberty Media, and the championship's inequitable revenue structures, F1's governing body last week took the extraordinary step of issuing a clarification.
Refuting what it called "certain declarations and comments, clearly inaccurately informed or made maliciously", the FIA stated it had "no knowledge" of "bilateral agreements that exist between each team and the Commercial Rights Holder".
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