FIA denies 'conflict of interest'

F1's governing body hits back at reports a "conflict of interest" could be set to trigger a full European investigation into the sport.

Formula 1's governing body has hit back at reports that a "conflict of interest" could be set to trigger a full European investigation into the sport.

The European Parliament this week voted through calls for an investigation into governance, income, and the fact that a 1% shareholding netted the FIA a $80m (£64m) windfall after approving the Liberty Media buyout.

In a statement on Thursday, the FIA said that it "has been made aware of certain declarations and comments, clearly inaccurately informed or made maliciously, relating to this (sale) process".

The reports had alleged that the FIA's dual role as a regulator and a co-owner violated an earlier agreement that could now see F1's commercial contracts declared illegal.

However, the FIA said "there is no conflict of interest", adding that it would "be happy to demonstrate the absence of any conflict of interest to any competent authority that may so request".

Pirelli Cinturato intermediate tyres during previews to the Australian Formula One Grand Prix at Albert Park on March 17, 2016
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2Ferrari153
3Red Bull72
4Force India53
5Toro Rosso21
6Williams-Mercedes18
7Renault14
8Haas9
9Sauber4
10McLaren0
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1Sebastian VettelFerrari104
2Lewis HamiltonMercedes98
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4Kimi RaikkonenFerrari49
5Daniel RicciardoRed Bull37
6Max VerstappenRed Bull35
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8Esteban OconForce India19
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10Carlos SainzToro Rosso17
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12Romain GrosjeanHaas5
13Kevin MagnussenHaas4
14Pascal WehrleinSauber4
15Daniil KvyatToro Rosso4
16Lance StrollWilliams-Mercedes0
17Marcus EricssonSauber0
18Jolyon PalmerRenault0
19Stoffel VandoorneMcLaren0
20Fernando AlonsoMcLaren0
21Antonio GiovinazziSauber0