U.S. House Judiciary Committee Investigates F1's Rejection of Andretti Bid

The committee scrutinizes Formula One Management's decision to block Andretti Global and General Motors from joining the F1 grid, citing potential anticompetitive practices.

The House Judiciary Committee, led by Rep. Jim Jordan, demands documents and a briefing from F1 executives regarding the denial of Andretti Cadillac's entry.
Andretti Global, backed by GM, had its F1 bid approved by FIA but rejected by Formula One Management, raising questions about the fairness of the decision.
Lawmakers argue that limiting F1 team entries could harm consumers by driving up costs and stifling competition.
The rejection is seen as financially motivated, with current teams fearing revenue dilution ahead of the Concorde Agreement's expiration.
Despite the setback, Andretti continues to develop its F1 team and car, aiming for future grid inclusion.