ฝัง
- เผยแพร่เมื่อ 23 พ.ค. 2024
- Just when you thought things were over for Andretti and F1...it wasn't.
In a shocking twist, the United States Senate is pushing the DOJ and FTC to investigate Formula 1 and Liberty Media for potential antitrust violations, focusing on the Andretti family's controversial blocked entry into the sport. Mario Andretti's explosive claims that Liberty Media's CEO made personal comments to prevent Michael Andretti from joining F1 could have massive repercussions if proven true. This high-stakes drama is fueled by Michael's past struggles and sabotage allegations in F1, adding more intrigue. Despite the resistance, the Andretti team has been making bold strategic moves, partnering with General Motors and hiring key personnel to ensure their readiness for F1. If Liberty Media is found guilty of antitrust violations, they could face severe legal and financial consequences, including potential governmental oversight and substantial penalties, shaking the sport to its core. Dive deep into the unfolding drama, strategic maneuvers, and potential fallout in this gripping video that captures the very essence of racing's most significant controversies!
#F1 #andretti #formula1 #formulaone #libertymedia #livenation #formula12024 #f12024 #andrettiautosport #marioandretti #f12025 #antitrust #f1news #f1latest #f1updates
Andretti 'Floored' by F1 Owner's Vow To Block Team
• Andretti FLOORED by F1...
• Andretti FLOORED by F1...
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Get the latest F1 updates and Formula One news for 2024, including insights on Andretti F1 team developments and Michael Andretti's involvement. Stay informed about F1 teams and the Andretti Cadillac F1 project, amidst discussions in the US Senate and the Department of Justice. Explore the latest in motorsport news, including the rejected Andretti F1 bid, as Liberty Media and LiveNation's influence looms large. Watch exclusive Andretti F1 interviews and explanations to delve deeper into the world of Formula 1 with Andretti Autosport's global ambitions in focus.
Copyright Disclaimer: Under Section 107 of the Copyright Act of 1976, "fair use" is allowed for things like criticism, comment, news reporting, teaching, scholarship, and research. Fair use is when a copyright law lets you use something in a way that would otherwise be against the law. In some scenes, race footage from the Formula 1 calendar is used whose rights belong to FOM. Other photos and news items are only used to help the original content. - กีฬา
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Other damages might be, Liberty Media would be excluded from doing business in the US of A.
It can get really serious. And I kinda hope it will.
Liberty is starting of doing the same mistakes as Bernie did.
Could this be a case of Ford indirectly blocking Cadillac's bid?
@@iamwhatiam5091 According to something I read today, not really. Ford made a statement that they would welcome both Andretti and Cadillac into the sport as both companies compete regularly in other racing disciplines. The president of GM even responded back saying thanks and that GM would welcome back Ford into IndyCar.
No thank you
If Lance Stroll and Haas are allowed in F1 after all this time, Andretti should be allowed in.
Lol are you crazy? Stroll, the dad and son, both don’t deserve to be in F1. Let alone windowlicker Stroll driving an F1 car in the first place
Stroll and Haas stepped in when F1 was on a low and that gives a lot of credit. Andretti wants to a piece of the pie when F1 is on a high and that comes at a high price.
It can come at a price, but it’s just plain wrong to deny their attempts just because the teams don’t wanna share their pie
@@user-hm5nn9pk8n They've agreed to pay that price and still FOM is denying them........
No
Didn't know Liberty was involved with Live Nation. This explains why Senators got involved, things about to get ugly for Liberty.
Yes Liberty Media, an American company which also just bought 86% of MotoGP, owns Formula 1. It is publicly traded on the US stock exchange which opens it up to all the laws (Which it is breaking) that the US government is pursuing it for.
Live nation has been violating antitrust laws for a decade. Its blatant. If a single company controls stadiums AND ticket agent, its a monopoly.
Liberty owns Live Nation and Ticketmaster (which merged with Live Nation in 2010). The big reason it's a problem is that Ticketmaster has a near monopoly on ticket sales and LN has a near monopoly on event promotion. It's why there are inflated 30-50 USD surcharges on each ticket for fees, etc. along with scalpers and bots, trying to control the reseller market, etc.
Congress already had enough to investigate on bots and people unable to buy tickets for Beyonce, Swift etc and have to find tickets marked up god knows how much on the reseller market that TM also tries to control. F1 is just another "in" for them to investigate.
@@dreadsocialistroberts Ya but congress doesn't really care about Soros bought and paid for whores like beyonce and swift.
Well no things will get pricy for Andretti…. They are doing badly in all series this season…Indycar, Indy500 and also FE….
Andretti need to turn up at Austin with a load of support, loads of merch in the crowd, logos everywhere... Embarrass F1.
Or start an American constructor's championship?
@@anydaynow01then it wouldn’t be F1
@@procharliee5575 Debatable. Regional Formula 1 championships were there throughout 50's - 80's, but then big bucks decided that there will be only one F1.
@@anydaynow01sounds like a gigantic lawsuit waiting to happen.
@@anydaynow01 Technically, the American constructors' championship SHOULD be IndyCar, but The Split has made it so the only way IndyCar can be viable is if it uses a spec chassis. They have two engine manufacturers, but there's a very good chance that, in the next few years, Honda will jump ship and defect to NASCAR.
“They made my car slower” is the “the dog ate my homework” of racing.
My dog did actually eat and rip apart my homework before. It was an interesting next day at school
Unless only your teammate is getting the upgrades lol, like what is happening to Logan due to Williams' financial woes. I'd imagine this isn't the first time that has happened, but it's also not some kind of a conspiracy, it's public.
I suppose you also have a case when the car is heavily designed around one specific driver who drives differently from you... Like Red Bull designing for heavy oversteer for Verstappen which surely hurts Perez's performance when compared to the two of them driving a neutral car... Again it's not really a secret though, and in the second case it's not even really a problem, it just is what it is.
I could actually see that second scenario being the case if the other driver is Senna, but I also don't know the scene from back then. Also in that situation it is hardly some personal attack against you, it's just the struggles of teaming with a world champion.
@@harry4454during law college I had to visit law related places (like different kinds of courts) and do reports, there was about 60 of them, during my last college year, my dog, a puppy at the time, she ripped two of them that forgot over my bed.
I had to visit the Justice of Labour Court and the Youth Court again.
Keke Rosberg commented in Finnish TV (back then) that Michael Andretti doesn't even look like a race driver on the track because every single lap is different (lines, braking points. etc.).
F1: we want more teams on the track.
Andretti: we've got a...
F1: NO!!!!! Not you
what they want is to block Andretti until the new buyin cost is raised massively.
FIA accepted andretti
pretty sure liberty media were the one to say no
so more like :
FIA : it would be nice if Adretti joined they would be a nivc eleventh team
Liberty media : no
@@TWIlktitbliktvim-ty7tdI thought you said nine eleventh team
F1 doesn’t want more teams….
@@TWIlktitbliktvim-ty7tdFIA has no say. They only checked if all requirements were there in the proposal… and then GM pulled their engine out of the deal till 2028….and had F1 all arguments needed to decline Andretti. FIA has NO SAY ABT TEAMS
It's still crazy to me how Liberty Media can confidently say that the team of a F1 World Champion, won't bring any value to the sport. And they say this while Stroll is still racing and Sauber is still a team. That alone should be enough proof that the situation is something more than "hurr durr they will not be competitive and just a financial burden"
weird comment, Sauber has been in f1 for more than 30 years and also given drivers like kimi raikkonen, felipe massa, robert kubica and sebastian vettel their first drives in f1.
@@googboog Sauber has been in decline for decades, it's been the worst team of the last 3 years, only Alpine has had a worse start in 2024. If Sauber was actually a valid addition to the grid, they wouldn't have sold to Audi. Andretti has a way better reputation and history than Sauber. The same can be said for Alpine or Haas.
@@spammus1 You don‘t have to bash a Team to make a point for a 11th Team joining the Grid.
@@spammus1 Andretti has 0 reputation in F1... No one knows how they will adapt to proper racing. They don't even dominate any competition in which they participate... Stop crying
@@fabr5747 "Andretti has 0 reputation in Formula 1" he was only a literal F1 world champion but keep going off king 😂
Sauber had 0 reputation in racing when they entered F1, they also never added anything of actual value to the sport either, and they never won anything. Why should that team be in the sport but not Andretti? Keep sucking Liberty Media's cock
The most interesting thing I found out about Greg Maffei is the fact that he was the former Chief Financial Officer of Oracle...the biggest sponsor of Red Bull Racing.
Thiiiiis
I can totally see the US winning a case against Liberty Media due to high prices. I attended Laguna Seca this year for IMSA. 3 Day weekend pass was $120 at pre-sale and the price was raised just $25 two weeks before leading to the event. The camping only cost $250 for all 3 days. I mean, we are talking about a full experience, including walking around the paddock, meeting drivers and having access to any part of the track for under $500. The track is ran by the county (government). Yeah, Liberty Media is screwed on this one.
Great video as always, cheers!
It could go even further than you think. If LM had no intention of approving any prospective entrant regardless of who they are, then that could be seen as a case of wire fraud. And if it can be proven that there was collusion between LM and just one of the teams, then that wire fraud could be further escalated as a RICO case.
@@NewtypeCommander with RICO being criminal the bar for conviction would be high.
@@ARUSApacecarHAMPTONYes, but it's not impossible. I distinctly remember a few years back when the DOJ took a swipe at FIFA and won.
I went to the Indycar opener at St Pete, tickets were $70 a day for a spot right above the pit wall. You could access everything except the paddock. Paying more would only get a better seat, like turn 1 or turn 10. Absolutely wild the experience you get for that cheap compared to F1.
Man...come to Sebring too. It's a blast!
We've come a long way from having 12 teams in 2010 and 2 lotus teams in 2011, lol
Those extra teams are the reason F1 is so callous when letting more teams join. They were a mess.
But now we only have 10. 2 of which are red bull.
@@AnimaDwellerNo, they were a mess because there was no budget cap so you'd have historic teams getting along and new teams that believed money would buy performance. Now the F1 team is a much more interesting proposition, and arguably also more difficult to make it work, without being more expensive. Now it's the right time to make new teams join.
@@AnimaDwellerthey happily allowed haas to join in 2016
@@harry4454they were desperate back then, also Ferrari was interested in using them as a junior team like Mercedes with Williams
To be fair to Michael in his early days, he had a crazy social status climbing wife. She was the one who did not want to move to Europe. Poor Michael was left between juggling his career and his marriage. In the end, his F1 career was short and he divorced his crazy wife. He was much happier afterwards.
That was a large part but not all of it, Met Michael in the late 90's at Swift engineering was quite easy to talk to
well as someone who has never liked liberty media i hope they get forced to give up the rights to both F1 and moto gp
If Haas and Sauber can be on the grid, then so can Andretti GM.
Would be nice to see Toyota and/or BMW give f1 a chance again..
Also, if RB can field two teams, one of which has never been competitive, then Andretti + Cadillac should be in.
There is no more Sauber. The team is owned by Audi.
@@stephanetessier3378
Exactly.
There was what, 11 or 12 teams a decade ago, so adding one or two more again is doable.
They can have up to 26 car grids last I checked. 12 teams ran back in the early 2010's but the back 3 were so very slow. One of them even failed to qualify fairly regularly.
how about we put your mom on the track?, she's so fat no car can pass around her 🤣
All the people saying "they can join in 2028" have been real quiet since this dropped...
Haters gonna hate until they can’t hate no more and can only seethe and cope. Lol people who don’t want Andretti are the same fake fans that just support the winning team every season. And this season they all support Max
Disgusting what Liberty Media is doing, absolutely disgusting
@@TheVault76Dweller Their not fake fans, They are just uneducated continentals who think every race outside of the old world is a slight against them.
lol. Next you are going to say Daniel Ricciardo should drive for Red Bull. lol
@@TheVault76Dweller which mental gymnastics do you have to go through to come to the conclusion that Andretti haters are somehow Max Verstappen fans?
law do you take a break????? like man every time i open youtube the 1st vid i get recommended is yours
I feel everytime he starts a F1 rant with his wife, she opens the attic for him 😂
Trying to get out of housework up there...
@@procharliee5575 she probably writes the script with him at this point
(no, I don't have any clue if he actually uses one)
@@procharliee5575loft goblin.
I think he takes a break on the weekends as far as uploads go 😂
What if F1 was denined visa to entry in the USA and all equipment was confiscated? What is Liberty Media had thier FCC Broadcast lincence revoked. This can get messy very fast. I have never known Mario to lie about anything.
Omfg that would be absolutely nuts. Im American and i dont want to see that happen but it would be kind of boss. Its not like Europe has any capability to get them back.
Win win situation? Fewer races for the teams and drivers, less drama for us fans
Imagine after just building that multimillion dollar building in Vegas. Oh, it would hurt real bad..
What you just did was keep every lawyer in the free world employed for eternity.
I mean the contracts simply can expire over time and just cut F1 out through not allowing the series in the USA....not the quickest way.
However seeing the US Gov is looking directly at this and having dual party support is rare and to be watched.
As an American, if our government is cracking down on your company, you know you messed up.
How can the American government crack down on a sport based in Europe, the Americans will end up losing their GP’s
@@robertscown9218it’s because liberty media is a American company that’s based in Colorado so the us government does have jurisdiction over them while f1 may not be American liberty is so with the us government applying pressure to the parent company they can have the final say in many ways
@@tendymusic9095 yes and the European governments can tell the American government to sod off, F1 is incorporated in Europe. And before you say I’m biased I’m Australian & I personally believe no government should influence a sports governing body
@@robertscown9218 FIA is the governing body not Liberty Media which is the owner
@@robertscown9218 And yet, I distinctly remember when a few years ago the DOJ took a swing at FIFA (which often viewed as a European sports group) and won. And, feel free to correct me if I'm wrong on this, didn't both the Australian and European governments take part in that case? Governmental oversight against sports organizations is nothing new... it just happens so infrequently that we don't notice it until we see it in the papers.
All I'll say is, this is going to get REALLY ugly for F1 if they keep this up, especially if the "it's personal" part is actually confirmed!
I do believe it was personal from the start, the lenghts reached 'til now to hinder them have already been ridiculous.
@@il-ma.le. oh, I wouldn't doubt it a bit!
😂😂😂😂 you are so despirate
Its business….simply abt revenue… nothing personal in businesses like this.
@@Redlingstein guess you missed the part of Lawrence's video where the US government is getting involved, then! Getting that clown show of a Congress to agree across the board on anything is darn near considered a miracle this day and age! THAT'S why I said it could get ugly for F1, especially if, and let me repeat, IF it's proven there was some kind of personal beef towards the Andrettis.
It has always been personal. If you read F1’s statement of reasons rejecting Andretti’s bid in the first place, it was extraordinarily insulting and highly personal and filled with charged language.
I’ve been doing commercial litigation for almost 30 years and this one really smells to me like a big litigation about to explode.
In the meanwhile, liberty media had better be ready for the congressional investigations and subpoenas that are about to begin.
If you've been doing commercial litigation for years now, may I ask something then? If/when the DOJ and FTC take this to court and push for a "discovery phase", do you think that LM, the teams, and FOM might consider coming up with a settlement rather than risk losing the potential billions of dollars in lost US market revenue?
Liberty Media just lost the anti-competition lawsuit
And it's only going to get Much WORSE?!
@@X-Warrior.1119 Hostile takeover?
Precisely why I don't believe this actually happened… because if it did, Andretti wouldn't be publicly exposing their evidence for an eventual lawsuit, which is what Maffei using those words would be.
I'm a new fan to F1 but looking at this sport and what they are doing to Andretti, maybe America would be better off just stopping any support for them at all. The truth is it's more like a soap opera than the pinnacle of racing. We had a chance of finally getting an American team but F1 doesn't want it so be it.
As a lifelong fan for the last 3 decades I agree, it has nothing to do with the pinnacle of motorsport anymore, nowadays only WEC and generally Endurance is where the good racing is at for me personally
I mean Haas *is* an American team, but I agree it's getting ridiculous and weird (especially since Liberty Media is also an US based company).
The only valid reason for blocking Andretti I can think of that I would actually support is if they truly did insist on having an "All American (a.k.a. USA) team" and thus enforced some sort of weird national purity law in their team, but I don't think that's what they mean by "All American".
It's really this season, I don't know why. Even with the RB19 and Verstappen dominance last year it wasn't this bad. It's like F1's looking to beat Netflix DTS writers in their own game.
@@AdminAbuse Wec is 100% where it's at
It really does just come down to Micheal and the bad blood he has with F1, now they're trying to use the USA government to get their way is just more fuel on the fire. So when they don't get their way in a race will they complain to some court somewhere!? Nobody in the FIA wants to deal with it. A much better choice for a USA team would be something like Penske/Ford, or if Haas were to somehow ditch Ferrari for full GM support.
If there’s one group of people who know the difference between when something is business vs personal: it’s Italian-Americans
The team-owners have to have a "Valid" reason or they'll end up in the courts as well. The sharing of prize-money isn't one. With increased revenue for the sport.
GM gave the reason by PULLING OUT OF THE DEAL WITH THEIR ENGINES 😂 Andretti has no ground for anything COS THAT WAS MANDATORY….
@@Redlingstein No other team in the history of F1 has needed to meet such requirements. It's called shifting the goal-posts/requirements which is still anti-competition. They still have GM.
Don't forget that one of the stipulations for new entrants is to pay a fee ($200m). Andretti Cadillac was ok in paying the fee so that the existing teams wouldn't take a hit in their revenue share, temporarily.
Andretti getting rejected does not make sense its so dum never got why they don't want it.
those bottom dwellers CANNOT stand another team coming in and taking spots above them... it isn't about competition, it never was in this modern era... it is all about revenue!
No, we just don't want them anywhere close, we don't like bullies that try to bully their way in.
I'm very pleased with this, and i really love mario, he's the f1 champ who was born in my country, i remember him driving when i was a kid.
But yeah, no chance in hell allow them into the sport now, never, it's not how it functions at all, it's an elite club working on mutual respect and acceptance, he's not accepted, sorry but his morbodly obese son tarnished his reputation too, and again he was my hero once.
He won't be the only one forbidden into the sport, just i want it official now.
@@TalkingGIJoeyes and why should any team deliberately give uf a chunk of income because some facy pants want to be a part as well? 11 or 10 teams will make no difference at all for the sport.
Read the rejection letter…
@@Redlingstein What's your point?
There is a F*ing concord agreement and teams have to accept it… changing the rules while the race is ongoing is just criminal.
I wonder if LM and the teams treat the Concorde Agreement more like gentleman's guidelines rather than as hard rules.
Its so stupid. F1 as a whole would be so much better of with more teams.
I just don't understand why there would be any reason to block them. In my opinion it has to be some sort of personal vendetta against the Andretti family or collusion between Liberty and the teams to keep out more competition. If not, it would only be good for viewership and fan excitement. The sport will grow if they let them in. Simple as that.
Wow…. It really is about a 30 year-old grudge against Michael Andretti. 🤦♂️ Ron Dennis really is the gift to F1 that keeps giving.
Dennis was an asshole
Crazy how grown-ass men can be so obtuse that they bicker over something that's pretty much double-win. I know a lot of Formula 1 fans do not like the Murican fan base but trust me when I say that $$$ injection from the fan base will do the sport more good than bad.
I think of Shawshank Redemption every time I hear obtuse. Lol
I don't mind us races. It's the saudi arabia and Chinese gp that I don't like..
@@Micfri300Chinese gp is a great track
All the narrow road courses... they're great.
@@harry4454 unlike their government.
Mario is racing Royalty. His word is rock solid, golden.
These other entitled elites are lucky to even rub elbows with him.
Justice For Andretti...
"Sorry you dont bring enough value to our sport with the name Andretti or a totally different automobile manufacturer joining the fray. Never mind that we want to tap an American market."
They don't want American Brands and drivers but they want American money. F1 is run by 🤡 s
No one knew Andretti in the rest of the world prior to their crying for being denied.
They should just let Andretti in. They are going to spend more money fighting this than if they just let them in. Andretti has shown they are very serious about this. Pretty sure they've invested more in what they have done than Haas have in the past 5 years.
The worst thing for F1 and the teams isn’t fines or jail time, it is what will be found during discovery. Imagine all emails, texts, meetings, etc. that have occurred where Andretti was discussed. I can’t imagine anyone associated with F1 wants a video recorded deposition session made available to the world. A lot of private things and potentially very dirty laundry will become public.
Toto Wolf and Christian Horner explaining their actions under oath would be made for TV entertainment. You are absolutely right, F1 doesn't want that. I think F1 might actually be so out of touch, arrogant, and stupid, they might not understand how bad that would be for them. So, it might happen.
@@johnkluge3421 for a racing geek like me I would watch the trial all day.
They don’t want an American team to win F1 so they block Andretti
Liberty Media who took the decision is American + Haas is American, so... stupid argument..., very stupid.
I cant believe i will say this, but... THE FIA is right in this situation by allowing Andretti to join.
I keep thinking about how cool it would be if Newey goes to Andretti… talk about putting some clout on a team.
That would be nice, and it's not out of the realm of possibility too. Newey and Andretti family go way back to the old CART days of the 1980s, where Newey was a lead aero chief for both Mario and Michael Andretti.
Everything about this from FOM, Liberty Media, and the teams is so wrong. It should be pretty simple to enter any racing series there is. Pay the entry fee, then turn up with a legal car and a driver with the appropriate racing license. That's all that should matter.
😂😂😂 you clearly have no idea what F1 is….
@@Redlingstein That's how F1 was as recently as 2010. HRT, Caterham, Manor? All failed miserably, yet were let onto the grid because they had paid up and built legal cars.
Can't say I'm surprised. It's pretty clear LM took this personal, and Andretti going to the senatorial only made them have even more resentment.
Sad, FIA has said numerous that they would actually like the idea of Andretti and more teams joining in. This is LM making more drama than necessary.
Yep, 100% enjoyed the "angry dad" camera. Words of wisdom!
i love how you are THE FIRST person/"youtuber" to say something about Andretti when anything is said about it, and putting MORE effort into vids like these, and others always makes me come back for more, and not to mention the avid Andretti support is a big plus for me.
Am I? This is big news, you'd think people would be discussing it
yeah, ive only seen one other F1 news thing and it was about the new 2026 regs
Excellent dramatic reading. 10/10. No notes.
It's always been personal against the Andretti family. Don't blame the American owned Liberty Media. Bernie was of the same thoughts, in action!
Liberty Media also owns Live Nation and Ticket Master. Even if the Andretti hadn't stepped in this would spill over, just less publicly.
I love how F1 have put "Oscar Piastri-Leclerc" on all the media posts
Hass being the “American team” is sad. If F1 wants to grow in the us, giving way for the us to have their own team, backed by one of their largest motor companies is the way to go. I thought this would have been a no brainer😂
American political agreement,
War, no🚫
Education, no🚫
Infrastructure, no🚫
Andretti racing F1, ✅️
Because we care more about being cool than doing the right thing for its citizens.
Andretti getting in to Formula-1... is a different Breed of Animal!
The country is not doing great, but maybe bringing Andretti in will bring us closer together as a nation. Or the majority could care less. 😅 I would like to see 4 more drivers added to the grid.
I like that you know how little our government agrees with itself, and are thus putting emphasis on the bipartisanship of this affair
You can't get much different than Lee and Klobuchar.
You’re overstating how amazing it is that this is bipartisan. It’s two senators out of 100 who were probably told, “sign this, voters will like it we did the research for you, oh and here’s the coffee asked for and a muffin while you scroll through Facebook.”
It's not just two senators, it's actually co-signed by five others. Those other five are:
Mike Braun (R-IN)
Todd Young (R-IN)
Debbie Stabenow (D-MI)
Gary Peters (D-MI)
and Alex Padilla (D-CA).
I should note that the gears of government are already turning, as staff from LM have already met with the staff of Representative Jordan. No details have been released yet, but word on the Hill is that hearings are planned. Personally, I don’t think the heads of LM, FOM, and the FIA are ready for the level of scrutiny and questioning from Congresspeople. It's not an arena they are used to operating in. The heads of LM, FOM, and the FIA may think they are big fish, but they are more like sea bass. Congress-people though? They are sharks unafraid to rip you to pieces in a public atmosphere.
Especially now, being election season...
Hang on, isn't something like the title just a silver platter for the DoJ and antitrust allegations? I did read up on the Sherman Act and still am not 110% clear if it would qualify as one but given the DoJ are apparently looking into it along with the FTC last I checked, and Liberty being a US company, what would happen if Liberty lost the anti trust case, would that affect the US or could Adretti's lawyers go to the High Court or the UK Supreme Court (yes that's a thing here) and point to the US ruling, and argue violations of UK competition law and the equivalent of our restraint of trade? The Compettion and Markets Authority has been strangely quiet on this, they were last heard making noise about the MS/Activision merger so I wonder if this has in fact been brought to their attention but they haven't actually got to it yet? They have raised concerns about monopolies before and all of the teams bar two IIRC are based in the UK
good info, thanks
One step at a time. Congress wouldn't be involved if there wasn't something to the anti-trust issues. They have legions of attorneys who are specifically experienced in this area, while you, no offense intended, are not (neither am I).
FOM is a yoke, a yoke!
Lets face it, the staus quo in F1 wants the sport to be a 10-team club-racing deal, and not a world championship open to qualified challengers. Proving its all about money, and not competition.
I’m an American losing interest rather quickly in F1.
Bye bye
😂 without American money f1 does not exist. Facts
@@MikeHoncho24ever it survived fine for over 50 years without it bud.
@@grrfy shhh, Drive To BS did not tell that to him...
Not true. There are snobbish billionaires everywhere. It would be a shame to lose out on the american enthusiasm bc of annoying european elitism though i want to see the continental rivallry in f1 as an added aspect @@MikeHoncho24ever
Andretti just needs to sign a clause where they have to maintain ownership and can’t sell the team if he fails. It would just go back to 10 teams.
Mario has a way with his words. A poet of the track.
As for Michael, McLaren only hope was unlimited practice for that season until the FIA said no more unlimited practice.
F1 needs Andretti motor sports! The "Crown Jewel" of F1 last weekend just proved that F1 needs revamping.
Liberty: I will do everything in my power to make sure that Michael Andretti never gets into F1.
US Congress: And we will do everything in our power (which we have more of than you ever will) to make your life miserable.
Beyond what you have outlined @LawVS, I have my own theory as to why Liberty Media and the teams have been so resistant to adding another team with my own "Foam of Doubt" I call the "Sock of Skepticism."
As you postulated in a previous video, the FIA had been the ones to put out the call for grid expansion, and that the commercial arm side was dismissive about the whole thing. Well, I would take that a step further. I think the teams and Liberty Media were outright insulted that the FIA would put out this call without consulting the commercial and management sides of F1; they took it as a slight as usually they are the ones that get a say on who gets in and who does not. Gunther Steiner pointed out in an episode of "The Red Flags" podcast that he had to build a veritable army of connections and contacts so that he could set up meetings with the right people so that HAAS could get in. Once he had a list, he would "smooze" them over with private dinners where they could discuss business quietly, something you mentioned in another previous video that the old guard of F1 prefers. He would use these meetings and connections to help create a smooth pathway for the burgeoning HAAS team that would allow them to obtain a spot on the grid by as he said, "by respecting the authorities" and not bruising egos.
With all that said, I don't think it was wrong for the FIA to call for an expansion of the grid, but I think it was naive of them to start this on their own. However, this fiaco could actually work in Andretti's and the FIA's favor. If the commercial arm had no intention approving any of the prospective entrants that the FIA put forward, regardless of who they are, then that could be seen as a form of wire fraud in the court of law. And if there was collusion between LM and just one of the teams, then that could escalate into a RICO case where there could be a "discovery phase" of the case where the secrets of the commercial arm are exposed for all to see and criminal penalties such as jail time.
Would it get to that point, who knows? It may be better if all sides reached a settlement in the matter that wouldn't bring disrepute to F1. My idea would be to toss a few lead figures *cough*Maffei*cough* to the curb, come up with a way for Andretti to enter smoothly without ruffling feathers and satisfies the teams, all in exchange for dropping a potentially damaging lawsuit.
A lawsuit that could go up to the billions of dollars, not to mention public and historical humiliation... just take lessons from what FIFA experienced during their investigation by the USDOJ, and basically give Andretti-GM what they want - a place in the F1 grid.
I think this stems from Michael Andretti trying get support from F1 teams through the back door a couple of years ago to justify his entry. I don’t think F1 liked that and saw it as trying to get mutiny.
What I don't understand, is that the prize pool for the team isn't expanded to a point that all teams wouldn't be uncomfortable for a new team to join. Even adding a provision for if and when a new team joins, the prize pool is expanded so all teams are making the same amount of money as before. Are the ten teams that stupid to not think about that?
This is shocking news. Keep us informed.
A thing you need to bear in mind is that US Sports Leagues have been given limited antitrust exemptions. F1 has no such exemption. Good luck Liberty Media. US politicians can’t agree on the time of day if looking at the same clock but you e brought them together.
I love the Papa Bear Law vibes 🔥
Ohh boy... it seems that Mr. Maffei forgot what happened to FIFA when the USDOJ investigated them... it wasn't pretty.
He's already dealing with a DOJ lawsuit. He's collecting them.
@@LawVS so true!
Why is there only one monopolies commission?
If a team belongs on the F1 grid, they should produce a car that is at least capable of getting podiums. No BS if a team belongs there they should prove it on the track and show what they are capable of.
Liberty big mistake and now their shareholders are about to get clobbered. In turn by-by CEO and likely to never get another such position. This is only a matter of time.
This was allready absurd before this. Now it's going beyond that. there is really no reason at all outside of greed and personal reasons that they cant join.
F1 doesn’t want a competent and competitive American team in F1 with competent American drivers and an American power unit because then it breaks the US isn’t as good as the EU at Motorsports stereotype
They must've been embarrassed by the Garage 56 Camaro at lemans last year.
@@LamiaLoverThe Corvette win at Le Man's was enough
And that's a bad thing?
@@07_danishwistara29Corvette have won there for decades, ever since the C5-R.
lmao. a mid indycar team leaching off the family name is not a threat to the EU. cope
My question is if it was Roger Penske and GM. I think we would be having the same convo. They want US money, but it a European boys club.
I'm sorry but they should allow another team in more cars more fun more money
This will get very ugly before it’s resolved. NASCAR fan sites are already pointing at this to F1 fans and saying: “ See how non competitive your series is? See how elitist your series is? They want American money but not American teams bro”. Liberty media greed is amazing. They would gladly push the schedule to 30 races over the exhausted complaining of the drivers and crews. Wake up people, time to check the hydra that is Liberty.
How many new teams joined NBA or NFL this year?
They should just roll up to the GPs in 2026. FIA approved it, let F1 figure out how they are gonna deal with that.
Where I worked, the FTC required each employee to sign and agree to an Anti-Trust agreement. I doubt any F1 employees have signed any agreement. I think they can tell the FTC to go pound sand.
If Liberty and F1 play their cards right and allow Andretti to be the 11th team, they could see themselves as the NFL for motorsports in America, bringing in more money into the organization than several European GPs combined. Heck, it would solidify F1 in the US which could very much bring a 4th US GP, say the return of the F1 circus to GM's HQ in Detroit.
You are really making me want Andretti to fail when you put it that way
Eww. That means we all would start thinking like Americans. Europe does not need Americans. We ironically have more in common with China. China is already a Social State health care vise like Germany. Has a better train network than Germany. The US is just a third world playing in the dirt with Russia. We do not need Americans.
I guess this would depend on the success… another Haas ok the grid would not make a big difference… i guess thats also what they are afraid of to some extent.
To be fair, Haas came in when it was quite risky and expensive and really weathered a lot of things to finally cash in. Andretti had plenty of opportunity to get in earlier, but didn’t. I think it’s a credible entry to F1 and I want to see them in, but I get F1’s reluctance. Andretti outside motorsport circles isn’t that huge. Their social media numbers seriously pale in comparison to any F1 team. Although they are upper half of the grid in most series they are in, they aren’t dominating in either. I hope they get in, but F1’s reasons aren’t completely baseless, well some of them. The competitive reasonings were stupid. As a business case they are right. Haas and Logan aren’t bringing in the numbers. Even with Haas, Gunther though technically a US citizen, was never sold as that.
All you need to know is what Horner said today. It's blatantly obvious, it's about money. They're not even trying to hide it. Buy one of the existing teams, you mean the ones that don't want to sell because F1 is now a gigantic cash cow? Or maybe he should buy RedBull 2 electric Boogaloo in the RB which is absurd that is even allowed and I'm sure will be brought up in the DoJ and FTC's complaints.
Yeah, I call bullcrap on Horner's response. If all of the teams (even the backmarkers) are turning a decent profit, then there's no urgent incentive to sell. So, if not a single team is interested in selling their slot on the grid, what's the point of even trying to put together a buyout deal?
F1 gains more than the other teams loose on a supposed watered down prize pool. The North American market can easily add enough value to the sport that the prize pool will increase more than enough to support a couple more teams.
I'm confused. As an outsider, I was told US was typically against getting involved in the private affairs of businesses. I guess I was told wrong, because I am really confused by the interest the US congress has on the Andretti situation.
I appreciate your consistent uploads so much and I don't know why but it's just comfortable viewing? keep it up champ
My question is in a few years when most in the U.S. don't care about it anymore. Will they still want to be a part of F1. As an American I can remember when NASCAR had over a 100,000 people a race.
For every race. Now most tracks have had to take out most of their grandstands. NASCAR is struggling.
In five years it will go back to how it was and just us hard core motor race fans of all series will care . Andretti could have gotten in when Gene Hass did but he didn't.
Count me in as a loyal Andretti supporter.
Liberty is just copying Brian France's playbook, viewership will crater without Colton Herta and Andretti.
Andretti needs to troll Liberty media as a sort of a modern day Hesketh
The formal response to the demand presented by congress was May 21. We have heard nothing about what their formal response was or if they even responded.
As for Liberty’s comments, I see it more as their was of saving face with the teams when they lose
Anytime you get bipartisan support in the US house and Senate you are in trouble.
A couple more races like Monaco and the sport could soon be without HAAS.
Also think about Williams. I expect it won't be too long before they decide enough is enough and leave.
I think if the sport doesn't try to grow now while times are good they may find the can only field 8 or fewer teams in the next decade.
If F1 doesnt want andretti and USA doesnt like then great, stop racing in USA and both parties happy.
Another team with a major backer would undoubtedly increase revenue for F1 overall. Liberty are working against their shareholders best interests.
I love your commentary on this topic. I really hope Liberty are forced to allow them in.
Great video keep it up you're doing amazing things 😁👍
The evidence for this being a corrupt deal between the other F1 teams and FOM hard to ignore. As soon as their denial letter was released I immediately canceled my renewal of F1 TV. I now either find an unofficial stream or watch on TV if I have to. I encourage others to do the same.
You do great video! Your editing/reporting/pacing is great, but why are to doing it on a spindly ladder and your attic? I enjoyed the video, but you need to upgrade your set. Keep going, I think you have a winning combination going (except your set).
To contain my lofty thoughts
Actually, the Mp4/8 was considered by McLaren and Senna as one of the best cars they made. Senna loved driving it but they lacked the same power as Williams and their Renault engine.
If the MP4/8 had a better engine, they probably would've put up a pretty good fight against Williams.
Excellent video, it's the clearest explanation on this matter so far. 👍🏽
Tracks like Monaco this weekend only have space for 8 team‘s hospitality complexes. Red Bull for example builds its own on a barge every year and floats it there. Other permanent tracks just don’t have 11 garages. Adding an 11th team, needs to be undoubtedly worth all extra expenses and effort required by multiple entities, cities / governments to accommodate them.
Isn't there a rule within the FIA rulebook that all Grade 1 circuits on the F1 calendar must be able to accommodate 24 cars on the grid? Hell, one of the garage slots is being occupied and used by the production crew for that Brad Pitt F1 film.
Given the Ticketmaster investigation and suit, I'd be a bit worried about it if I was working for Liberty Media honestly. If they do decide to go after you, the DoJ or FTC can bring not just a hammer, but a whole warehouse's worth of toolboxes down in theory. That being said I dunno how it'd affect the teams with all but two being based in the UK, would Andretti's legal team come over here and appeal to the CMA, who have raised monopolistic concerns in other investigations and rulings, they did block the MS/Activision merger for a while due to concerns about it creating a monopoly but as we know that eventually went ahead
There are anti trust laws in Europe as well...
Brexit happened.
But FIA still based in France and so F1 has to comply with European antitrust laws.
It doesn't really matter if the teams are UK based. People don't seem to understand what has happened with the FOM. Liberty media didn't simply buy a license from the FOM to make money from broadcasting. They purchased a controlling share of the FOM itself. Liberty Media owns the FOM itself.
Which means the teams are bound by whatever judgement is rendered by the courts.
F1 has been screwing with Michael from the start. If you remember F1 changed the practice rules just as he was signed to race for Mclaren so he couldn't learn or practice on any of the circuits. Back then there were no driving simulators and he came into every race weekend blind. Also that car was crap (after the deletion of drivers aids) as proved by the following season where Hakkinen had a hard time making the grid with it. At least Michael was able to qualify inside the top 10 at times. His team mate was the best F1 driver ever (IMHO) and he was struggling with that car as well. F1 has always been a country club that only lets in people they want and it would seem they don't want Andretti.
The owner of Liberty Media really wants to watch his empire burn huh? LiveNation and Tickermaster getting their poop pushed in by the DoJ, and now this? I for on look forward to Andretti owning F1 in the future
God I would love to see hour to multi hour long Law video essays about motorsports most dramatic moments!!
In addition to American jobs Andretti global is also providing hundreds of British jobs as well.
i saw livenation mention so im commenting this but, ffs it's so hard to get actual tickets for this 1 concert i wanna go to and i don't want to pay double the price to scalpers