purrtastic@lemmy.nz to Formula 1@lemmy.world · 3 months agoF1 face major investigation into Andretti rejectionracingnews365.comexternal-linkmessage-square12fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkF1 face major investigation into Andretti rejectionracingnews365.compurrtastic@lemmy.nz to Formula 1@lemmy.world · 3 months agomessage-square12fedilink
minus-squareTheGrandNagus@lemmy.worldlinkfedilinkEnglisharrow-up0·3 months agoIt’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”
minus-squaremimosabuttler@lemmy.worldlinkfedilinkEnglisharrow-up0·3 months agoOh no! How can F1 survive without the US?! /s
minus-squareTheGrandNagus@lemmy.worldlinkfedilinkEnglisharrow-up0·edit-23 months agoOf 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’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.