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Formula One Administration Limited ('FOA'), the commercial rights holder of Formula One, wishes to clarify and correct inaccurate and misleading statements made to the media yesterday by ?FOTA?:In particular FOTA claimed that monies are owed by CVC (FOA's controlling shareholder) to the teams for the 2006, 2007 and 2008 Championship seasons. Neither CVC nor FOA owes any amount to any team.
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Formula One Administration Limited ('FOA'), the commercial rights holder of Formula One, wishes to clarify and correct inaccurate and misleading statements made to the media yesterday by ?FOTA?:In particular FOTA claimed that monies are owed by CVC (FOA's controlling shareholder) to the teams for the 2006, 2007 and 2008 Championship seasons. Neither CVC nor FOA owes any amount to any team.
More...