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Liberty Media hit with anti-trust probe over Andretti F1 block
© XPB Phillip van Osten
09/08/2024 at 08:4309/08/2024 at 09:04 Formula 1 owner Liberty Media is facing a potential legal showdown with the US Department of Justice after confirming an antitrust investigation into its decision to reject Andretti Global's bid to join Grand Prix racing’s ranks. The antitrust probe was confirmed on Thursday by Liberty Media CEO Greg Maffei during the company’s quarterly earnings conference call with Wall Street analysts. Andretti Global, backed by General Motors' Cadillac brand, has been aggressively pursuing an F1 entry, establishing a base in Silverstone and hiring key personnel, including former F1 technical director Pat Symonds. While the...
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