FIA could use ‘Don King Clause’ in escalating row with F1
It is understood the clause was inserted into the 100-year lease deal - bought two decades ago for $360m by former F1 supremo Bernie Ecclestone - by ex-FIA presiden🉐t Max Mosley and hands the FIA veto power over any sale.
FIA president Mohammed Ben Sulayem appeared to reference the clause, named after the con🌺troversial boxing promoter, during his recent appearance at the Monte-Carlo Rally.
"The champ♛ionship belongs to us, we only rented it,” he ꦯis quoted as telling reporters.
“So far, these are only rumours about a possible sale. But the FIA should have a 🔯say and be able to assist with advice.”
Tensions between F1 and its governing body escalated in dramatic&n🧜bsp;fashion this week over remarks made by Ben Sulayem.
(16.2bn) as an “inflated price tag being put on F1”.F1 responded with an 168澳洲5最新开奖结果:explosive letter accusing Ben Sulayem of overstepping his remit by making “unacceptable” comments abou🌸t the championship’s value.
F1’s punchy letter cited the 100-year le💝ase contract t🌠hat gives the championship’s owners the “exclusive right” to “exploit the commercial rights”.
Liberty Media completed an $8bn takeover of F1 in 2017 and removedཧ Ecclestone after 40 years at the helm.
Liberty is not actively seeking to sell F1 and question marks remain over the accuracy of the ꦜclaim that the Saudi PIF tried to buy the championship.
But there is concern about the potential damage Ben Sulayem’s st♉ance could have on the value of Liberty’s product, hence F1’s legal warning to the FIA.
It is the latest stand-off in a long-running dispute between F1 and the FIA, who have found themselves at loggerheads over several issues during Ben Sulayem’s short reign in office, including a168澳洲5最新开奖结果: push to expand the grid.
Lewis regularly attends Grands Prix for wuqian0821.com around the world. Often reporting 💖on the action from the ground, Lewis tells the stories of the people who matter in the sport.
