Liberty Media confirms Justice Department investigation over Formula 1 World Championship spat

Justice Department News

Liberty Media confirms Justice Department investigation over Formula 1 World Championship spat
Michael AndrettiLiberty MediaFormula One Group
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Liberty Media, owner of Formula One Group, confirmed that it is under investigation by the Justice Department for denying Andretti Global entry into the...

“We intend to fully cooperate with that investigation, including any related request for information,” Liberty Media CEO Greg Maffei said during a conference call Thursday.

Maffei said Thursday that the company is open to new entrants applying and potentially being approved if certain requirements are met.Among F1’s claims related to the rejection were that it did not believe Andretti would be a competitive team; that the Andretti name does not bring the value to the series that Michael Andretti believes it would; and that getting on the grid in the next two years would be a challenge Andretti has never faced before.

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Michael Andretti Liberty Media Formula One Group Greg Maffei Andretti Global Formula 1 Investigation

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