The FIA has decided to respond to stories about its decision to accept the change of control of the company which controls the commercial rights of the Formula One World Championship. The FIA says that some stories, “clearly inaccurately informed or made maliciously” have been published in recent weeks.
The federation said that “there is no conflict of interest on the part of the FIA with regard to its approval of the change of control of the Commercial Rights Holder (CRH) which has been approved by the World Motor Sport Council taking into consideration exclusively the terms of the existing agreements between the CRH and the FIA and the best interests of the Championship.”
The FIA also said that the prize money allocated in the Formula One World Championship is done so “in accordance with the bilateral agreements that exist between each team and the Commercial Rights Holder (CRH). The FIA has no knowledge of these agreements”.
The federation said it could have withheld its consent in the event that the change of control would materially alter the ability of the CRH to fulfil its obligations; it is obvious that the taking of control of the Formula One Group by Liberty does not create such a risk, and nobody has ever suggested a different view in this respect.
The FIA said that it be would naturally be happy to demonstrate the absence of any conflict of interest to any competent authority that may so request, which clearly indicates that no-one has yet asked.