Racing teams Force India and Sauber have withdrawn a complaint they lodged with the European Union in 2015 about the governance of Formula One (F1) and income distribution within the sport.
The teams made the complaint to the European Commission under F1’s previous owners, arguing that the way in which regulations are formed ignores the opinions of smaller teams while the distribution of the sport’s central prize funds are heavily skewed towards the sport’s biggest outfits. A statement in 2015 claimed the combination was both “unfair and unlawful”.
However, in a joint statement on Thursday, January 25, Force India and Sauber said they had been encouraged by recent talks with F1’s new owners Liberty Media and no longer believed it was necessary to enter into a legal dispute.
“We have decided to withdraw the complaint we lodged with the European Commission in 2015 on the subject of anti-competitive practices in the sport of Formula One,” the teams’ statement said.
Full Content: Reuters
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