UK’s Serious Fraud Office looking into F1 deal

MP Damian Collins has written to the body to ask it to investigate whether payments made to the FIA were illegal.Motor racing’s governing body is not supposed to have a commercial interest in F1, but according to a report from ITV it has emerged that, as part of the 2013 bilateral Concorde Agreement deals, the FIA received a £3.9 million sum plus a 1 percent stake in the sport.The ... Keep reading