Site logo

EU initiative lies with teams, says MEP

NEWS STORY
10/07/2015

Anneliese Dodds, Labour MEP for the South East England region, has today visited Force India's Silverstone HQ.

In November, just months into her new role, Dodds wrote to the European competition commissioner Margrethe Vestager, calling on her to investigate two questionable moves made by the FIA.

The first was the FIA's acceptance of a 1% stake in the F1 Group which runs F1, a deal that could be worth as much as $120m should CVC, which controls the F1 Group, successfully reach its $12bn target when selling the business. The second concerning the formation of the Strategy Group, which the FIA agreed to in return for a payment of $40m.

Dodds called on the European competition commissioner to "look into this possible breach of competition rules as a matter of urgency and take whatever action is necessary to ensure that the undertakings made by the FIA are being observed as originally intended."

However, Vestager made it clear that the matter cannot be investigated unless an official complaint is submitted by the teams unhappy with the FIA's actions.

In a statement issued following her visit to Force India, Dodds reiterated the need for F1's small teams to act if they want the investigation to begin.

"Ever since the collapse of Marussia and Caterham last year, I have had real concerns about the way things are going with Formula 1,"she said. "It didn't just mean two fewer teams taking part in races throughout the season. It meant hundreds of highly skilled people in my constituency losing their jobs and their livelihoods.

"That's why I've raised this issue a number of times in Brussels, to see if there is a competition case to answer here. The Commissioner in charge has made it clear to me that she can't do anything until the teams themselves submit a formal complaint, and so if that's what the teams feel is right then that is what they should do."

LATEST NEWS

more news >

RELATED ARTICLES

LATEST IMAGES

galleries >

  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images

POST A COMMENT

or Register for a Pitpass ID to have your say

Please note that all posts are reactively moderated and must adhere to the site's posting rules and etiquette.

Post your comment

READERS COMMENTS

 

1. Posted by petes, 11/07/2015 4:03

"@ Canuck.
I'd like to see the same.
And if I were Ms Dodds, I'd get the paperwork done so they only need sign before presenting....."

Rating: Neutral (0)     Rate comment: Positive | NegativeReport this comment

2. Posted by Canuck, 10/07/2015 23:01

"Interesting that they can only investigate if a team makes a formal complaint. With the public funding of Caterham to race in the final race last year, there are many owners of Caterham in this funding. Can the public file a formal complaint into these activities? I want to see both Todd and Mr E roasted. "

Rating: Positive (3)     Rate comment: Positive | NegativeReport this comment

Share this page

X

Copyright © Pitpass 2002 - 2019. All rights reserved.

about us  |  advertise  |  contact  |  privacy & security  |  rss  |  terms