FIA president Mohammed Ben Sulayem has been accused by F1 chiefs of 'interfering' in the sport’s commercial rights with his comments that a $20 billion valuation was inflated. Full story ⬇️
FIA president Mohammed Ben Sulayem has been accused by Formula 1 chiefs of"interfering" in the sport’s commercial rights with his comments that a $20 billion valuation was inflated.to express his concern about the implications of an exaggerated price for F1.
In particular, he felt that without a valid plan in place by any new owners to improve F1, there was the risk that a takeover could prompt a huge ramping up in race hosting fees, which would then lead to increased ticket prices. "Any potential buyer is advised to apply common sense, consider the greater good of the sport and come with a clear, sustainable plan – not just a lot of money.
In a letter sent on Tuesday by F1’s legal department to Ben Sulayem, which was also circulated to teams, it expressed dismay at the way that the remarks had “interfered” with F1’s commercial rights territory.
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