French anti-corruption authorities are investigating the FIA over Liberty Media’s acquisition of Formula 1. The New York Times reports that the body called Parquet National Financier is concerned the Paris-based federation approved the sale of the sport to Liberty despite holding a stake.

The FIA denies it was a conflict of interest: “We are entirely confident that any investigation would find that the FIA has acted appropriately at all times, and we stand ready and willing to cooperate with any enquiries should any investigation be commenced or clarification sought by the appropriate authorities,” the governing body said.

Britain’s Serious Fraud Office is also investigating the sale.

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