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British Government investigating Liberty Media takeover

  • Published on 08 Nov 2016 13:15
  • comments 0
  • By: Dominik Wilde

The British government is investigating Liberty Media's propsed takeover of Formula One.

The Competition and Markets Authority (CMA), responsible for strengthening business competition and preventing anti-competitive activities, has announced an "inquiry" into the Liberty deal, with a verdict expected in early 2017.

Meanwhile, two names liked with roles in the new Liberty Media-owned F1 have played down such speculation.

Gerhard Berger welcomed Liberty's involvement but told Austrian Servus TV: "No, I'm not in the group, I don't have the time."

Red Bull owner Dietrich Mateschitz also dismissed similar talk, telling Spain's Marca sports newspaper: "That would be a big challenge, but I have a job that takes up all of my time as well as many other obligations and interests."

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