F1 - The FIA wants more information on Liberty

F1 - The FIA wants more information on Liberty F1 - La FIA satisfaite de l'arrivée de Liberty

The FIA has not been involved in the discussions between Liberty Media and CVL rights. Jean Todt was pleased to see the arrival of a big group.

Liberty Media Corporation is going to buy the commercial rights of F1 to CVC Capital Partners and other shareholders. The transaction will end at the beginning of the year 2017.
The FIA, the governing body of the championship, has not been involved in these discussions. She has published a press release in which it expressed its desire to have more information on the terms of the agreement.
She hopes to soon be able to discuss with the various parties involved.

The FIA is pleased to see a powerful group

The federation welcomes the arrival of a powerful group such as Liberty Media. It is hoped that the new shareholder will help to grow the F1.
"Although it remains to evaluate the effects of this acquisition on the promotion of the World Championship of Formula One from the FIA, we welcome this long-term investment in Formula One from a company with a portfolio of activities as diverse as sports, media and entertainment," said Jean Todt, the FIA President.
"As the institution governing the sport of racing, we recognize the great expertise of Liberty Media in these areas, and we look forward to the prospect of working in close co-operation with this partner to continue the development of Formula One and attract new generations of fans of motor sport around the world. "

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