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VisitU.S. Congress Demands F1 Response by May 3 on Andretti Exclusion
May 1, 2024, 10:39 PM
A bipartisan group of twelve U.S. Congress members, led by Rep. John James (R-Mich.), has sent a letter to Liberty Media, the owner of Formula 1, demanding explanations for the exclusion of Andretti Global from the prestigious racing series. The letter, supported by notable figures such as Reps. Jim Jordan (R-Ohio), Jared Moskowitz (D-Fla.), and Dan Kildee (D-Mich.), accuses Formula One Management of potentially violating U.S. antitrust laws and succumbing to the influence of European race teams. They have requested a response by May 3. Andretti Global, backed by racing legend Mario Andretti and in partnership with General Motors, expressed gratitude for the congressional support against what it describes as anti-competitive behavior, reaffirming its commitment to establishing the first U.S. works team in F1.
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Markets
Yes • 50%
No • 50%
Official announcements from Formula 1 or Andretti Global.
No • 50%
Yes • 50%
Public statements or official announcements from Liberty Media or Formula 1.
No • 50%
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Public announcements from the U.S. Department of Justice or major news outlets.
Partial response with limited details • 33%
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Full explanation and justification • 33%
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Andretti included in F1 • 25%
Compensation agreement reached • 25%
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Formal apology but no inclusion • 25%
Congressional records, official announcements from Formula 1 or Andretti Global.
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Public announcements from U.S. authorities or major news outlets.