The European Commission (EC) is now looking into potential anti-competition breaches within formula one, according to international media reports. Following British politician Anneliese Dodds' recent letter, Germany's Auto Motor und Sport said she met this week in Strasbourg with the EC's competition commissioner to "exchange ideas".
Dodds' letter had raised concerns not only about the inequitable distribution of power and wealth among F1's biggest teams, but also the regulatory body FIA having taken a 1.06 per cent stake in the sport's commercial rights.
After the Strasbourg meeting, a source close to the situation told F1 business journalist Christian Sylt: "She (Dodds) was encouraged to see that the commissioner was taking an interest in the issue and had promised to look into it in more detail. The commissioner has said that she will write back formally to Anneliese's letter spelling out exactly what the commission's view is on this," the source is quoted by Forbes. An EC spokesperson confirmed it had received Dodds' letter. (GMM)
European Commission 'looking into' F1 concerns
- Published on 27 Nov 2014 15:27
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- By: Rob Veenstra
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Replies (1)
Login to replyPosts: 204
I certainly hope that the F1 Commission, the so-called Strategy Group, Eccelstone, Todt, CVC, other investors, and supportive constructors don't miss the fleeting opportunity to resolve the financial dispersion inequities, hopefully with capping rules, and "recircle the wagons" with the smaller teams contentedly back on-board before EU regulators get their camel's head in the tent. Because, if that happens while the F1 community is dis-unified, political expediency very probably WILL drive mandatory adoption of at least some of the changes desired by complaining F1 members. Good for them, but not for F1's tradition of enlightened self-governance. Also, who can foretell the spill-over onto F-2, F-3, etc. etc.