MARCH 2, 2004
Mosley and Whiting move to Monaco
Max Mosley is moving to Monaco. He says that this is to avoid the threat of arrest in the event of a serious motorsport accident in the European Union. The FIA President said that he has decided to relocate from Britain on legal advice following the introduction of a new European arrest warrant.
"I have been advised that it would be prudent to relocate outside EU jurisdiction," Mosley said.
The FIA headquarters will remain in Paris although Charlie Whiting, who is based in London, will move with Mosley to Monaco.
It is worth noting that both men will get certain tax advantages from living in Monaco. Mosley is not paid by the FIA but he has substantial private income, while Whiting will obviously gain from Monaco's lenient income tax rules.
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