F1 face major investigation into Andretti rejection
F1 face major investigation into Andretti rejection
F1 owners Liberty Media is to be investigated by the United States Department of Justice following its handling of Andretti's now-rejected application to join the F1 grid.
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What requirements are not met?
Then the DOJ will charge them with anti trust violations.
Is Liberty Media registered in the US?
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"
Oh no! How can F1 survive without the US?! /s
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.
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
Yes
Apparently it's mostly because Greg Maffei doesn't want Michael Andretti back in F1.