The investigation by the House Judiciary Committee into Andretti Global's rejected F1 bid highlights significant concerns over anti-competitive practices.
The bid by Andretti Global to join the Formula One grid has been rejected, prompting an investigation by the House Judiciary Committee. The committee, led by Rep. Jim Jordan, is examining the reasons behind the denial of the Andretti and General Motors partnership.The House Judiciary Committee has taken a significant interest in Formula 1's decision-making processes, particularly the recent rejection of Andretti Global's bid to join the motor racing series in 2025 or 2026.
The commentary by Jordan and support from other policymakers underline a pivotal concern that the rejection of Andretti might reflect issues inherent in the sport's current financial and regulatory frameworks. The letter added:'Formula One alleged that a new team could only add value to Formula One by 'competing for podiums and race wins.
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