Motorsport's global governing body has welcomed the intended acquisition of Formula One by the Liberty Media group.
ADVERTISEMENT
FIA welcomes Liberty Media purchase of F1
FIA president Jean Todt believes Liberty Media's intended purchase of Formula One represents a positive move for motorsport.
___5471685___https:______static.pulse.com.gh___webservice___escenic___binary___5471685___2016___9___9___3___jean-todt-cropped_dgwvf5tgc1sb1u1dnjcc8q6an
Recommended articles
It was announced on Wednesday that Liberty Media - which has stakes in several sports and entertainment businesses - had agreed a full takeover of the world's leading racing championship, subject to approval by regulators.
Long-time F1 supremo Bernie Ecclestone is set to remain as chief executive as part of the proposed deal.
A statement from the International Automobile Federation (FIA) on Thursday read: "The FIA was obviously not party to the negotiations surrounding the intended sale. As such, the federation awaits further information regarding the proposed terms of the transaction and welcomes the opportunity to discuss with all parties the possible consequences of this agreement on the promotion of the FIA's flagship championship.
ADVERTISEMENT
FIA president Jean Todt added: "While it remains to be seen how this acquisition will influence the promotion of the FIA Formula One championship, we welcome this long-term investment in Formula One by a company that has such a broad portfolio of sports, media and entertainment businesses.
"As motorsport's governing body and regulator we acknowledge Liberty Media's wide expertise in these fields and we look forward to working in close partnership with them in the future in order to further develop Formula One and bring it to new generations of motor sport enthusiasts around the world."
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.com.gh
Recommended articles
The Intersection of Enthusiasm: United Kingdom's local motorsports and Ghana's rising stars
Video: Watch Fatawu Issahaku’s hat trick in Leicester City’s win against Southampton
RTU suspends coach Abdulai Mumin over match-fixing allegations
Hearts of Oak are better off playing with an empty post than using Richard Attah – Taylor
Sorry for causing you a lot of pain – Dr. Prosper Ogum apologizes to Kotoko fans
Govt hasn't paid us – African Games gold medalist Winnifred Ntumi 'cries' out
Dumsor is part of the reasons why we lost against Legon Cities – Hearts of Oak coach
Black Stars midfielder Daniel Kofi Kyereh to miss rest of season due to injury
