F1: FIA wants to know more about Liberty's takeover

The FIA has welcomed Liberty Media's acquisition of Formula 1, but has called for further information to be provided before assessing the consequences of the deal.

The American media, communications and entertainment giant set the ball rolling on its $8 billion purchase of F1 on Wednesday, with the finalization of its position as largest shareholder to be concluded in early 2017. The FIA is now seeking talks with all concerned to discuss the move.

In a statement, the FIA said: "The FIA was obviously not party to the negotiations surrounding the intended sale. As such, the Federation awaits further information regarding the proposed terms of the transaction and welcomes the opportunity to discuss with all parties the possible consequences of this agreement on the promotion of the FIA's flagship championship."

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FIA president Jean Todt (pictured, with F1 chief executive Bernie Ecclestone) believes the deal is positive and he expects to work closely with F1's new owners.

"While it remains to be seen how this acquisition will influence the promotion of the FIA Formula 1 championship, we welcome this long-term investment in Formula 1 by a company that has such a broad portfolio of sports, media and entertainment businesses," he said. "As motorsport's governing body and regulator, we acknowledge Liberty Media's wide expertise in these fields.

"We look forward to working in close partnership with them in the future in order to further develop Formula 1 and bring it to new generations of motorsport enthusiasts around the world."

Originally on Autosport.com