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Race promoters group critical of F1's owners

A majority of Formula One's grand prix promoters issued a statement on Monday expressing concern about how the sport is being run by owners Liberty Media.

The Formula One Promoters' Association (FOPA) said representatives of 16 grands prix had met in London to discuss the situation ahead of the 21-race season starting in Australia in March.

"It is not in the long term interest of the sport that fans lose free access to content and broadcasting," it said in a three-point statement.

"There is a lack of clarity on new initiatives in F1 and a lack of engagement with promoters on their implementation," added the statement.