Aug.15 (GMM) The CEO of Method 1’s proprietor, Liberty Media, has confirmed the organisation is below investigation by the USA justice division.
In Might, a gaggle of US congress and senate members challenged F1’s resolution to lock American racing entity Andretti-Cadillac out of the game, admitting their “considerations with the obvious anti-competitive actions that would stop two American corporations … from producing and competing in Method 1”.
In an earnings name, Liberty CEO Greg Maffei confirmed “that there’s a Division of Justice investigation” now underway.
“We intend to totally cooperate with that investigation, together with any associated requests for info,” he’s quoted as saying by the New York Occasions.
Maffei defined that Liberty nonetheless believes its resolution didn’t violate “relevant US anti-trust legal guidelines”, and stated he doesn’t maintain the view that extra groups on the grid would essentially be “incorrect”.
“There’s a methodology for enlargement that requires approval of the FIA and the F1, and each teams have to search out the standards met,” he stated.
“We’re actually open to new entrants making purposes and doubtlessly being accredited if these necessities are met.”
