EU gives F1 all-clear
The European Competition Commission has formally given the motorsport's governing body, the FIA, and Formula 1's promoters the all-clear after a two-year investigation into the sport
The EU has been searching for potential conflicts of interest, and has been checking since 2001 when FIA president Max Mosley agreed to change arrangements over its role as regulator of international motorsport to end any commercial involvement.
The FIA loosened its ties with the Formula One Association in 2001, and Bernie Ecclestone resigned his position as its vice-president of promotions, thus freeing up television broadcasting rights. It also strengthened the rights of organisers, circuit owners and participants and pledged to act impartially between all forms of motorsport.
"The Commission is satisfied that the conflict of interests identified in the FIA regulations and the restrictions that had been put on circuit owners, F1 teams and TV broadcasters have been ended," said a statement from an EU regulator.
The statement brings the curtain down on a long-running feud between the EU and the FIA.
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