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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.

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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