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U.S. Congress members demand answers on Andretti's exclusion from Formula 1 (www.nbcnews.com)

submitted 4 months ago by Rapidcreek to c/formula1

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[–] Rapidcreek 8 points 4 months ago (1 children)

The EU also has laws about anti competitive practices and I would think this letter might stir their interest.

First of all, the FIA is a sanctioning body which only owns the F1 brand. It is very much in the US, since it sanctions racing here. I myself held an FIA license. The FIA approved Andretti's inclusion.

Liberty and the F1 Constructors are the ones on the hook.

[–] TheGrandNagus 2 points 4 months ago* (last edited 4 months ago) (1 children)

Yes, I'm aware there are races in the US. I'm saying all they can really do is stop them from racing in the US, and a couple of other peripheral things to be a thorn in F1's side to apply pressure. They can't really impose terms on the FIA beyond that, because it's not their jurisdiction.

Besides, the Concorde Agreement is set out in English law. They'd have to challenge it in an English court.

[–] Rapidcreek 2 points 4 months ago

Seems to me there might be other kinds of problems. For instance, Formula One is listed on the NY Stock Exchange. At the very least, an anti-trust suit would wound the company. But, it could turn into bigger things. GM/Andretti would get a whole lot of money in damages. Considering what happened to FIFA...

But, this letter is merely a shot across the bow it seems to me. They have to answer it, so we'll see what they say.