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BERLIN (GERMANY), 24 Jan. (dpa/EP) -
The owners of Formula One, Liberty Media, accused the president of the FIA, Mohammed Ben Sulayem, on Tuesday of making "unacceptable" comments about the value of the World Cup, after the maximum president described the offer of "an inflated price" 20,000 million dollars from Saudi Arabia to buy F1.
Liberty Media disputed Sulayem's statements in a letter to the president, as they "exceed the limits of both the FIA's powers and its contractual rights." "Liberty Media has the exclusive right to exploit the commercial rights in the FIA F1 World Championship," the statement said.
"Any suggestion or insinuation to the contrary, or that any potential buyer of the F1 business is required to consult with the FIA, is wrong," F1 legal director Sacha Woodward said in the letter, seen by the BBC. Hill and Renée Wilm.
Liberty Media paid around $4.4 billion to buy Formula One in 2017. F1 holds the commercial rights to the sport under a 100-year lease signed by the FIA at the turn of this century.
