Liberty Media F1 takeover: FIA keen to know more details
The FIA has welcomed Liberty Media's acquisition of Formula 1, but has called for further information to be provided before assessing the consequences of the deal
The American media, communications and entertainment giant set the ball rolling on its £6billion purchase of F1 on Wednesday, with the finalisation of its position as largest shareholder to be concluded in early 2017.
The FIA is now seeking talks with all concerned to discuss the move.
In a statement, the FIA said: "The FIA was obviously not party to the negotiations surrounding the intended sale.
"As such, the Federation awaits further information regarding the proposed terms of the transaction and welcomes the opportunity to discuss with all parties the possible consequences of this agreement on the promotion of the FIA's flagship championship."
FIA president Jean Todt believes the deal is positive and he expects to work closely with F1's new owners.
"While it remains to be seen how this acquisition will influence the promotion of the FIA Formula 1 championship, we welcome this long-term investment in Formula 1 by a company that has such a broad portfolio of sports, media and entertainment businesses," he said.
"As motorsport's governing body and regulator we acknowledge Liberty Media's wide expertise in these fields.
"We look forward to working in close partnership with them in the future in order to further develop Formula 1 and bring it to new generations of motor sport enthusiasts around the world."
Share Or Save This Story
McLaren's Alonso sure some F1 teams will get new rules wrong
Formula 1 peaked in 2000s, not Senna/Prost era, Alonso believes
How Hamilton has battled his own mentality
BTCC Snetterton: Rainford victorious in qualifying race, Sutton fails to finish after puncture
Why McLaren removed its new front wing before F1 sprint qualifying in Canada
McLaren finds ally in Red Bull over F1 team alliances concerns
DTM Zandvoort: Cairoli takes maiden win as Auer grabs championship lead
Subscribe and access Autosport.com with your ad-blocker.
From Formula 1 to MotoGP we report straight from the paddock because we love our sport, just like you. In order to keep delivering our expert journalism, our website uses advertising. Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker.
Top Comments