Motor racing-F1 carmakers welcome CVC takeover of F1

Newswire

LONDON, March 21 (Reuters) - Formula One carmakers who have been threatening their own series from 2008 welcomed clearance of a planned takeover of the sport's commercial rights by private equity firm CVC on Tuesday. The European Commission approved the deal, conditional on CVC selling its Spanish subsidiary Dorna that controls the rights to the MotoGP championship. The confirmation from Brussels had been eagerly awaited by the carmakers, who are close to a deal with Formula One supremo ...

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