FIA Boss To Step Back From Daily F1 Management [Barron's]
Liberty Media Corporation - Series A Liberty SiriusXM (LSXMA)
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Source: Barrons
An FIA spokesman on Wednesday confirmed to AFP media reports that Ben Sulayem sent a letter to F1 teams announcing that he would give up the day-to-day management of the most prestigious motorsport. The plan was "clearly stated" before his 2021 election in a manifesto where he promised to nominate an FIA director-general and introduce a "revised governance structure" under a team based on "transparency, democracy and growth", the spokesman added. The FIA last month unveiled an overhaul of its department responsible for single-seater racing under the leadership of Nikolas Tombazis, who is now in charge of its day-to-day control. The announcement comes as the FIA and F1's American owners Liberty Media are at loggerheads over a series of controversies involving Ben Sulayem. The FIA president sparked a spat with Liberty Media last month when he described as "an inflated price tag" a report in Bloomberg that Saudi Arabia's Public Investment Fund had tried and failed to buy F1 for
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