EU confirms F1 clearance deal

OCTOBER 31, 2001

EU confirms F1 clearance deal

AS we reported exclusively, the European Commission has officially dropped its anti-trust investigation into Formula 1 racing.

"The parties agreed to make changes which limit the FIA to a regulatory role, so as to prevent any conflict of interests, and remove certain commercial restrictions put on circuit owners and TV broadcasters," the commission said in a statement.

The Commission said that it will continue to watch the sport to make sure the changes introduced actually work.

Other stories for OCTOBER 31, 2001

BAT'S SALES CONTINUE TO GROW

THE NEW MEN AT FORD

EU CONFIRMS F1 CLEARANCE DEAL

WILLIAMS AND PEPSICO

LIUZZI IN THE SPOTLIGHT

RENAULT AND NISSAN STRENGTHEN LINKS

EM.TV-KIRCH DEAL QUESTIONED BY BONDHOLDERS

ZANARDI LEAVES HOSPITAL IN BERLIN