FIA could use ‘Don King Clause’ in escalating row with F1
It is understood the clause was inserted into the 100-year ꦑlease deal - bought two decades ago for $360m 🧸by former F1 supremo Bernie Ecclestone - by ex-FIA president Max Mosley and hands the FIA veto power over any sale.
FIA president Mohammed Ben Sulayem appeared to reference the clause, named after the controversial boxing promoter, during his rec🎶ent appearance at the Monte-Carlo Rally.
"The championship belongs to us, we only rented it,” he♓ is quoted as telling reporters.
“So far, these are only rumours about a possible sale. But the FIA should h♛ave a say and be able to assist with advice.”
Tensions between F1 and its gover🍰ning body escalated in dramatic fashion this week over remarks made by Ben Sul💮ayem.
(16.2bn) as an “inflated price tag being put on F1”.F1 responded with an 168澳洲幸运5官方开奖结果历史:explosive letter accusing Ben Sulayem of overstepping his remit by making “unacceptableꦇ” comments about the championship’s value.
F1’s punchy letter cited the 100-year lease contract that gives the champio𝔍nship’s owners the “exclusive right” to “exploit the commercial rights”.
Liberty Media completed an $8bn takeover of F1 in 2017 and removed Ecclestone a൲fter 40 years at the helm.
Liberty is not actively seeking to sell F1 and question marks remain ov💝er the aﷺccuracy of the claim that the Saudi PIF tried to buy the championship.
But there is concern aboওut the potential damage Ben Sulayem’s stance 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澳洲幸运5官方开奖结果历史: push to expand the grid.
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