39
F1 face major investigation into Andretti rejection
(racingnews365.com)
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.
I wonder if "Williams would be sad because they would get less money" can hold up in court
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.
Ah yes. The American way. Win, or die in the courts.
The rejection is BS and they know it. I hope they concede before this goes to court
this post was submitted on 08 Aug 2024
39 points (97.6% liked)
Formula 1
9022 readers
82 users here now
Welcome to Formula1 @ Lemmy.world Lemmy's largest community for Formula 1 and related racing series
Rules
- Be respectful to everyone; drivers, lemmings, redditors etc
- No gambling, crypto or NFTs
- Spoilers are allowed
- Non English articles should include a translation in the comments by deepl.com or similar
- Paywalled articles should include at least a brief summary in the comments, the wording of the article should not be altered
- Social media posts should be posted as screenshots with a link for those who want to view it
- Memes are allowed on Monday only as we all do like a laugh or 2, but donβt want to become formuladank.
Up next
2024 Calendar
| Location | Date |
|---|---|
| πΊπΈ United States | 18-20 Oct |
| π²π½ Mexico | 25-27 Oct |
| π§π· Brazil | 01-03 Nov |
| πΊπΈ United States | 21-23 Nov |
| πΆπ¦ Qatar | 29 Nov-01 Dec |
| π¦πͺ Abu Dhabi | 06-08 Dec |
founded 1 year ago
MODERATORS