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UK: Competition watchdog to examine Liberty Media/F1 deal

By  |  November 9, 2016

Meanwhile, two potential candidates to get involved in F1’s post-CVC future are denying claims they have F1 roles awaiting them under the new leadership.

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    The CMA announced on Monday that it is considering whether or not Liberty’s plans to control grand prix racing are in line with Britain’s anti-competition legislation – laid down in the Enterprise Act 2002.

    In September, Liberty Media confirmed that it had agreed to acquire F1 from a consortium led by CVS Capital Partners.

    The CMA has begun an initial consideration into whether Liberty Media’s £6bn buyout of F1 in September is in breach of any anti-competition laws in the United Kingdom and has requested submissions for formal information on the deal.

    The CMA said that the deadline then for a decision on whether or not the Liberty Media would face a more formal investigation would be made on January 5, 2017.

    The UK government has launched an investigation into the takeover of F1 by American tycoon John Malone’s Liberty Media.

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