F1’s owners Liberty Media under investigation after Andretti entry rejection

Liberty Media are under investiga💦tion by the United States Department of Justice over their decision to reject Andretti's F1 entry.

Mario Andretti and Michael Andretti
Mario Andretti and Michael Andretti

The owners of F1 - 🎐Liberty Media - are under investigat𝓰ion by the United States Department of Justice following their decision to reject Andretti’s team entry.

Earlier this year, F1 dismissed Andretti’s entry to join the sport as an 11th team🐻.

The US-based team's bid had been approved by motorsport's governing body, the FI☂A, in October 2023, but final approval from F1 didn't happen.

F1 argued in a statement: “While t♎he Andretti name carries some recognition for F1 fans, our research indicates that F1 would b♎ring value to the Andretti brand rather than the other way around.”

F1 outlined while Andretti’s bid to join as the 11th team has been declined for 2025 and 2026, provided they have a deal with manufacturer General Motors, 2028 is an ܫoption.

A probe has now been launched by the US DOJ, with Liberty Media’s Greg Maffei confirming the 🔯investigation on Thursday.

“This morning, we announced🐬 that there is a DOJ investigation,” Maffei said during an investor call, as quoted by The Athletic.

“We inte🦋nd to fully cooperate with that i🎃nvestigation, including any related requests for information.

“Our determination, F1 determination, was in complꦇiance with all applicable US antitrust laws, and we’ve detailed the rationale for our decision vis a v♔is Andretti in prior statements.”

Maffei insists F1 remains open to “new entrants” despite And෴retti’s rejection.

“Wཧe are certainly not against the idea that any expansion is wrong [sic],” he added.

“There is a methodology for expansion that requir๊es approval of the FIA and F1.

“We’re cert൲ainly open to new entrants maki🦄ng applications and potentially being approved if those requirements are met.”

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