Motorsports

US Congress is taking on F1 for ‘cartel-like behaviour’

In a bombshell that the world’s most-popular motorsport may do with out, US Congress is taking on F1. Accused of ‘cartel-like behaviour’ in locking Andretti-Cadillac out of the game. New revelations have come to gentle this week. Specifically, whereas the FIA green-lit American racing icon Michael Andretti’s bid to area an eleventh staff in 2025, the Liberty Media-owned F1 industrial rights holders stated no to the deal.

US CONGRESS IS TAKING ON F1

Mario Andretti outdoors the US Capitol constructing this week, asserting information that US Congress is taking on F1. Image: Getty

Always the optimist, Andretti, says preparations for a 2026 debut proceed at tempo. With his work now backed by a bipartisan group of 12 lawmakers. Michael Andretti’s father Mario, the legendary 1978 world champion, fronted the media outdoors the US Capitol constructing. He was joined by John James, a consultant for Michigan’s tenth congressional district.

And eleven extra congressmen joined him in signing a letter to F1 rights holders Liberty Media. In it they outlined their issues over obvious anti-competitive actions. They say they’re stopping two American corporations, Andretti Global and General Motors, from competing in Formula 1.

ANTITRUST ACT

US congress is taking on F1
Andretti-Cadillac may’ve been the eleventh staff on the F1 grid in 2025. Image: File

An NBC News report stated, “They’re invoking the Sherman Antitrust Act of 1890 and sought answers for the rationale for rejecting the team for 2025. Including whether it is designed to unfairly protect the European teams from competition in the US, where the fan base has grown dramatically.”

Mario Andretti, in the meantime, informed reporters, moderately than worrying about US congress taking on F1, they’re prepared with to compete. “Give us a green light and let us do our thing. Our team, Andretti Global, is part of every major racing discipline in the world.  Formula 1 is the only one that’s left.  And we want to be part of that,” stated Andretti.

CARTEL-LIKE BEHAVIOUR

US congress is taking on F1
Andretti Global’s headquarters in Silverstone. Image: Andretti Global/X

Congressman James described Liberty Media’s behaviour on the 2025 deal as cartel-like. “From the outside looking in, one can ask, ‘Is this a money grab?’ Is Formula 1 kicking the can down the road for a different agreement, so that they can extract not $200 million but $1 billion from Andretti-Cadillac?” he stated.

James hopes the scenario will be resolved. “But if not, we will have our questions answered. And those who are seeking to take advantage will be held accountable,” stated the congressman. Andretti officers shall be assembly with their F1 counterparts this weekend on the Miami GP.

Andretti Global concluded with an announcement: “We are grateful to the bipartisan members of US Congress for their support in challenging anti-competitive behaviour. It is our hope that this can be resolved so that Andretti-Cadillac can take its rightfully approved place on the grid in 2026.” – with GMM

NEXT READ: Calculating 2024 South African automobile licence renewal COSTS

What do you consider the information that US congress is taking on F1 for being anti-competitive? Be positive to share your ideas with our viewers within the feedback part under. And don’t neglect to comply with us @TheSANews on X and The South African on Facebook for the most recent updates.

CLICK HERE TO READ MORE ARTICLES FROM RAY LEATHERN




Source link

Related Articles

Back to top button