The FIA ​​speaks out on the takeover of F1

Via a press release published this evening, the Fédération Internationale de l'Automobile said it was awaiting further information on the terms of the transaction.

Published on 08/09/2016 à 20:45

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The FIA ​​speaks out on the takeover of F1

La F1 should enter a new era with the announced acquisition of Delta Topco, parent company of the discipline, by Liberty Media. The American firm confirmed its intention late last night, and indicated that it had taken an initial stake of 18,7% before continuing the acquisition process.

In front of this situation, the International Automobile Federation made a point of expressing himself via a press release published this Thursday evening. “The FIA, the regulator of the Formula One World Championship, has recently been informed of Liberty Media Corporation's intention to purchase Delta Topco, the parent company of the Formula One Commercial Rights Holder, from CVC Capital Partners .

The FIA ​​of course did not take part in the negotiations surrounding the sale. Therefore, she is waiting further information regarding the proposed terms of the transaction and welcomes the opportunity offered to it to discuss with all parties the possible consequences of this agreement on the promotion of the flagship FIA championship. »

Jean Todt, President of the FIA, also highlights the future perspectives offered by this operation, emphasizing in particular the possibility of reaching new audiences. “While the effects of this acquisition on the promotion of the FIA ​​Formula One World Championship have yet to be assessed, we welcome this long-term investment in Formula One from a company with a portfolio of activities also diversified in sport, media and entertainment.

As the governing body of motorsport, we recognize Liberty Media's extensive expertise in these areas and look forward to working closely with this partner to continue the development of Formula One and attract new generations of motorsport fans around the world. »

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