Deals
Formula One’s ‘Unequal’ Revenue Split Needs EU Probe, Parr Says
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The European Commission should examine terms Formula One has promised top-ranked teams Ferrari and Red Bull to see if the payments are anti-competitive, the former Williams team chairman Adam Parr said.
Parr quit Williams in March, a week after Sky News reported that Ferrari and Red Bull would get as much as $45 million each and a seat on the board to renew terms with the auto racing series through 2020. Parr had been responsible for negotiating terms for eighth-ranked Williams.