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McLaren ‘spy’ fine totals more than $50 million
26th October 2007
The FIA has confirmed that the Woking, UK based McLaren-Mercedes Formula One team will be required to pay a fine ‘in excess of $50 million’ after the World Motor Sport Council's judgement against it in an industrial espionage case.
The WMSC rule that the team should be fined $100 million and lose all its their
Formula One Constructors' Championship points but would be allowed to deduct revenue that would have been earned in prize money for eventually finishing position in the 2007 championship as their points to total up to the Hungarian Grand Prix, after which they scored no further points, would have allowed them to do.
An FIA statement said, "Following the judgement of the World Motor Sport Council on 13 September, a sum in excess of $50 million will be paid in December to the FIA."
The FIA statement confirmed that the money would be used to establish an FIA Development Fund, that will assist the the work of National Sporting Authorities (ASNs) in promoting the development of safer motor sport worldwide, especially in countries where the motor sport infrastructure is in need of support.
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