Formula 1 Owners Under Investigation by U.S. Department of Justice’s Antitrust Division [Video]

The ownership of Formula 1, Liberty Media, is currently under the microscope of the U.S. Department of Justice‘s Antitrust Division. The probe centers on the contentious decision by Formula 1 to block the Andretti Global and Cadillac partnership from joining the pinnacle of motorsport as its 11th competing team.

At the heart of the investigation are concerns about whether Formula 1’s refusal, which was influenced by doubts about Andretti’s competitive potential and financial value, violated U.S. antitrust laws.

The other factor at play was the existing teams’ resistance to diluting their purse by accommodating a newcomer. This scrutiny comes at a time of serious investment from Andretti Global. In collaboration with Cadillac, the outfit has not only set up operations in Silverstone but has also roped in industry veterans like former F1 figure Pat Symonds, signaling strong intent and readiness to compete at the front of the grid.

Liberty Media confirmed the …