Menu
Download the app

SBJ subscribers – Enhance your experience with the revamped iOS app

Finance

European Union Officials Urged To Examine Formula One's Finances

Senior officials at the European Union "are being pressed to start an urgent investigation into the sport’s finances," according to Kevin Eason of the LONDON TIMES. Anneliese Dodds, the MEP for South East England, has been told that the EU "has already started questioning key figures inside and outside F1, but has not yet launched a full inquiry." Krzysztof Kuik, head of the anti-trust in sport unit at the EU’s Competition Commission, disclosed that he "has already spoken to team principals and experts who have been keeping tabs on the problems that have split F1 in two." Dodds: "We are aware of the recent allegations regarding Formula One’s governance." Representatives from Force India, Lotus and Sauber "have all been interviewed by Kuik in Brussels and at least two more figures, whose names have been withheld, have given critical accounts of the way F1 is run." Dodds has asked Kuik whether the EU "is going to start an investigation and also whether F1’s arcane system of governance," theoretically split between the FIA, as guardians of the sport, and F1 CEO Bernie Ecclestone, as the representative of the commercial rights holder, "is fit for purpose in the modern world, as well as questioning the EU’s approach" (LONDON TIMES, 1/5).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2015/01/06/Finance/EU-F1.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2015/01/06/Finance/EU-F1.aspx

CLOSE