F1 still could be investigated

  • Published on 28 Feb 2017 11:11
  • comments 0
  • By: Fergal Walsh

The possibility that an investigation from the European Commission into Formula 1 remains open for the time being, despite yesterday's reports which suggested that  competition commissioner Margrethe Vestager in fact "rejected" calls for an investigation.

Vestager "has written to say the matter will not be taken any further", the BBC report claimed. But F1 business journalist Christian Sylt says the BBC has simply got it wrong.

The calls for an investigation were led by British politician Anneliese Dodds, taking the side of small teams Force India and Sauber who claim the governance and income distribution models in F1 are wrong.

However her most recent upbringing to the Commission was about Liberty Media's recent takeover of the sport, which led to an $80 windfall for F1's regulator, the FIA.

Sylt said: "The reply (from Vestager) specifically concerns the approval of the takeover, not the EC's intention to investigate an alleged breach of EU competition law as a result of it."

Explaining why the Commission's intervention on the Liberty sale was not necessary, commissioner Vestager said: "This transaction did not satisfy the turnover thresholds that must be met to fall within the Commission's jurisdiction".

The European commissioner added that authorities in Austria, Spain, Portugal and the UK all approved the Liberty deal. Vestager also said her office is "looking at" F1's controversial British tax arrangements.

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