this post was submitted on 01 May 2024
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They think European businesses (most of the teams are European) are colluding to prevent an American businessโs participation in an industry. Which violates US anti-trust laws. Formula 1 will either have to prove that isnโt happening(it clearly is), or allow the American team to participate, or stop doing business in the US. Along with paying whatever fine is decided upon. Formula 1โs best bet at this stage is allowing Andretti/GM to enter
It may violate US anti-trust laws. It might also violate Bangladeshi anti-trust laws. Doesn't really matter as FOM isn't under their jurisdiction, not is the Concorde Agreement.
There's nothing they can do about it other than say no you can't race here. Which is obviously not what FOM wants, but that's quite a bit different to a legal challenge, which would have to go through the UK/UK law.
If theyโre found to violate US laws they can be forced to either comply or not so business in the US. They always have the choice to not do business in the US but no one is ever going to choose to not do business in the wealthiest and third largest nation on earth by population
That's what I'm saying...