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Liberty Media Accused of Monopolistic Practices in Investigation Request from Belgian MP – Report

12 October 2024
in USA
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Liberty Media Accused of Monopolistic Practices in Investigation Request from Belgian MP – Report
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Belgian MEP Pascal Arimont has requested the European Commission to investigate Liberty Media for potential monopolistic practices in the motorsport sector, expressing concerns over barriers to fair competition for new entrants in Formula 1. This follows Liberty Media’s rejection of Andretti Global’s entry into F1, prompting scrutiny from both European and U.S. authorities over antitrust issues, with the U.S. House Judiciary Committee seeking clarification on the decision’s impact on American consumers.

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