The politician, who represents the Christian Social Party in eastern Belgium, believes that Liberty’s moves to acquire F1 and MotoGP could violate European competition law.
Liberty is also under investigation in the United States, where both Congress and the Department of Justice are investigating.
Arimont a The importance of Limburg Speaking to the Belgian newspaper, he confirmed that his concerns stem from the fact that Liberty Media has the commercial rights to Formula 1, Formula 2 and Formula 3, and that it is also seeking rights Get MotoGP from Dorna.
According to Arimont, Liberty Global’s participation in Formula E indicates that the company is establishing a monopoly in the motor sports market.
In the United States, Congress is conducting a different investigation: it is believed that the decision to reject the application of the Andretti team to enter in 2026 could violate the Sherman Antitrust Act of 1890 , which prevents monopolies and ensures free and fair competition.
Some senators and representatives, including influential Judiciary Committee Chairman Jim Jordan, believe Andretti’s refusal is a violation of the law, in which Liberty Media could also be held liable.
Liberty Media itself is the target of a Justice Department investigation, as its Live Nation-Ticketmaster division is accused of “exclusive conduct and dominance in the entertainment market that harms fans, innovation, artists and institutions.”
Arimont’s concerns therefore raise important questions not only regarding European competition law, but also American competition law, which could affect the future of Formula-1 as well.
2024-10-14 17:59:00
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