this post was submitted on 08 Aug 2024
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39
F1 face major investigation into Andretti rejection (racingnews365.com)
submitted 3 months ago by purrtastic@lemmy.nz to c/formula1@lemmy.world
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[–] ryannathans@aussie.zone 6 points 3 months ago (2 children)

What requirements are not met?

[–] Rapidcreek@lemmy.world 5 points 3 months ago (1 children)

Then the DOJ will charge them with anti trust violations.

[–] mimosabuttler@lemmy.world 0 points 3 months ago (3 children)

Is Liberty Media registered in the US?

[–] TheGrandNagus@lemmy.world 7 points 3 months ago (1 children)

It's a bit complicated. Liberty Media is, Formula One Management (a subsidiary) isn't.

I imagine they will argue that in the same way the US can't regulate McDonald's UK subsidiary, the US can't regulate FOM.

However the US could say "ok well no more US races until you let more US teams join"

[–] mimosabuttler@lemmy.world 2 points 3 months ago (1 children)

Oh no! How can F1 survive without the US?! /s

[–] TheGrandNagus@lemmy.world 5 points 3 months ago* (last edited 3 months ago)

Of course they could. But Liberty loves money, and they see the US as a growth market (a wealthy one too), so they'd probably capitulate.

[–] Rapidcreek@lemmy.world 4 points 3 months ago

It doesn't matter. They do business here. Ask FIFA, which is incorporated in Austria. But, yes, Liberty is a US company whose stock you can buy on the NYSE

[–] Atin@lemmy.world 4 points 3 months ago

Apparently it's mostly because Greg Maffei doesn't want Michael Andretti back in F1.

[–] ObamaBinLaden@lemmy.world 5 points 3 months ago

I wonder if "Williams would be sad because they would get less money" can hold up in court

[–] FrostyTrichs@walledgarden.xyz 0 points 3 months ago

So we are meant to believe a dysfunctional and combative US government is going to somehow swoop in to solve some F1 drama? Yeah I don't think so.

[–] JeeBaiChow@lemmy.world -2 points 3 months ago (1 children)

Ah yes. The American way. Win, or die in the courts.

[–] wurstgulasch3000@lemmy.world 10 points 3 months ago

The rejection is BS and they know it. I hope they concede before this goes to court