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purrtastic@lemmy.nz to Formula 1@lemmy.world · 10 months ago

F1 face major investigation into Andretti rejection

racingnews365.com

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F1 face major investigation into Andretti rejection

racingnews365.com

purrtastic@lemmy.nz to Formula 1@lemmy.world · 10 months ago
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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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  • ryannathans@aussie.zone
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    10 months ago

    What requirements are not met?

    • Rapidcreek@lemmy.world
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      10 months ago

      Then the DOJ will charge them with anti trust violations.

      • mimosabuttler@lemmy.world
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        10 months ago

        Is Liberty Media registered in the US?

        • TheGrandNagus@lemmy.world
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          10 months ago

          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
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            10 months ago

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

            • TheGrandNagus@lemmy.world
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              10 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
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          10 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

        • Orbital@infosec.pub
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          10 months ago

          Yes

    • Atin@lemmy.world
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      10 months ago

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

  • ObamaBinLaden@lemmy.world
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    10 months ago

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

  • FrostyTrichs@walledgarden.xyz
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    10 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
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    10 months ago

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

    • wurstgulasch3000@lemmy.world
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      10 months ago

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

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