Originally Posted by EU Commission for Competition
Following discussions with Competition Commissioner Mario Monti, the FIA agreed to modify its rules to bring them into line with EU law. After consulting interested third parties and the Member States, the Commission is now ready to close the file. The modifications introduced by FIA will ensure that :
* The role of FIA will be limited to that of a sports regulator, with no commercial conflicts of interest]removing restrictions in circuit contracts about the hosting of other motor sports events[/b].
Aside from the Commission's concern to ensure that FIA's role is limited to that of sports regulator, the Commission has also taken into account the effect that valuable TV sports rights can have on national broadcasting markets. To this end, FOA agreed to modify the current agreements and offered certain commitments for their future conduct. In particular, broadcasters in the various countries will be invited to tender for the TV rights on the expiry of the current (and any future) contracts.
The parties have also agreed to reduce the length of new free to air broadcasting contracts to a maximum of three years (except for contracts where specific investments justify a length of up to five years).