The European Commission has rejected a call from many Euro MPs to explore the takeover of Formula 1 by Liberty Media. South East Labor MEP Anneliese Dodds required an examination in a correction to the European Parliament’s yearly rivalry report not long ago, which go by 467 votes to 156, with 86 abstentions.
Margrethe Vestager, the European Commissioner for Competition, has kept in touch with Dodds to state the matter won’t be taken any further. Vestager said: “The transaction was notified to national competition authorities in several member states, namely Austria, Spain, Portugal and the United Kingdom, all which approved it last year.”
Dodds says littler teams are “unreasonably rebuffed” as a result of the way F1 is run.
And also the game’s takeover by Liberty Media, Dodds additionally communicated worries over its UK charge game plans.
In 2015, two of F1’s littler teams, Force India and Sauber, asked the EU’s Competition Commission to examine the game because of saw shamefulness over the way incomes were isolated and governs chosen.
The Commission has not yet precluded an examination concerning this issue
Dodds indicated the current collapse of the Manor team for instance of how the game is bombing a few teams. “Smaller teams are unfairly punished by an uncompetitive allocation of prize money that will always give the biggest teams more money, even if they finish last in every race,” she said.
