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Post by mmi16 on May 7, 2024 15:19:11 GMT -8
It would be nice if the Judiciary Committee actually had controlling members that actually had legal experience and didn't ignore a valid Congressional Subpoena.
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Post by hairyscotsman on May 7, 2024 20:18:51 GMT -8
Jordan's getting into this? Shit's gettin' real.
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Post by mikey on May 8, 2024 4:31:28 GMT -8
Jordan's getting into this? Shit's gettin' real.
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Post by hairyscotsman on May 10, 2024 20:32:43 GMT -8
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Post by Placid on May 13, 2024 20:39:44 GMT -8
ANDRETTI GLOBAL HAS AN APPEAL!!!!Speaker: Mr. Wolff - Congress is on line 1!!Edited for the normal crap.
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Post by Placid on May 20, 2024 11:14:49 GMT -8
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Post by Pistola on May 21, 2024 8:02:22 GMT -8
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Post by hairyscotsman on May 21, 2024 13:59:42 GMT -8
They sure are building their case. "OBTW, FOM, we just hired your own Chief Technical Officer. Does that make us a 'serious entry'?"
Meanwhile, a bipartisan group of senators has bypassed Liberty entirely. They sent a letter to the DOJ's Antitrust Division and to the chair of the FTC. This is a significant escalation - US Senators urging that an official investigation be opened using very specific language. This could lead to a full scale Antitrust enforcement investigation. If the Justice Department and FTC take this seriously and pick it up, Liberty are going to have a lot of work on their hands defending themselves as it'll no longer be a "let's play the long game and hope the politicians get bored" situation.
IMHO, it is significant that Liberty chose not to respond to Jordan & the House judiciary committee. In anticipation of that this group of senators pressed forward to engage the FTC and DOJ. They would not have done that without knowing that either or both would open an investigation.
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Post by olderguysrule on May 21, 2024 14:28:42 GMT -8
They sure are building their case. "OBTW, FOM, we just hired your own Chief Technical Officer. Does that make us a 'serious entry'?" Meanwhile, a bipartisan group of senators has bypassed Liberty entirely. They sent a letter to the DOJ's Antitrust Division and to the chair of the FTC. This is a significant escalation - US Senators urging that an official investigation be opened using very specific language. This could lead to a full scale Antitrust enforcement investigation. If the Justice Department and FTC take this seriously and pick it up, Liberty are going to have a lot of work on their hands defending themselves as it'll no longer be a "let's play the long game and hope the politicians get bored" situation. IMHO, it is significant that Liberty chose not to respond to Jordan & the House judiciary committee. In anticipation of that this group of senators pressed forward to engage the FTC and DOJ. They would not have done that without knowing that either or both would open an investigation. www.motorsport.com/f1/news/andretti-hires-pat-symonds-as-push-to-join-f1-grid-continues-/10613735/
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Post by boiler on May 21, 2024 14:42:32 GMT -8
They sure are building their case. "OBTW, FOM, we just hired your own Chief Technical Officer. Does that make us a 'serious entry'?" Meanwhile, a bipartisan group of senators has bypassed Liberty entirely. They sent a letter to the DOJ's Antitrust Division and to the chair of the FTC. This is a significant escalation - US Senators urging that an official investigation be opened using very specific language. This could lead to a full scale Antitrust enforcement investigation. If the Justice Department and FTC take this seriously and pick it up, Liberty are going to have a lot of work on their hands defending themselves as it'll no longer be a "let's play the long game and hope the politicians get bored" situation. IMHO, it is significant that Liberty chose not to respond to Jordan & the House judiciary committee. In anticipation of that this group of senators pressed forward to engage the FTC and DOJ. They would not have done that without knowing that either or both would open an investigation. IMO the long game is the next Concord agreement they will be happy to welcome them with a one BILLION dollar buy in fee...... Get the feds involved this drags on then boom they are let in with open arms when the fee increases.....
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Post by hairyscotsman on May 21, 2024 14:47:08 GMT -8
They sure are building their case. "OBTW, FOM, we just hired your own Chief Technical Officer. Does that make us a 'serious entry'?" Meanwhile, a bipartisan group of senators has bypassed Liberty entirely. They sent a letter to the DOJ's Antitrust Division and to the chair of the FTC. This is a significant escalation - US Senators urging that an official investigation be opened using very specific language. This could lead to a full scale Antitrust enforcement investigation. If the Justice Department and FTC take this seriously and pick it up, Liberty are going to have a lot of work on their hands defending themselves as it'll no longer be a "let's play the long game and hope the politicians get bored" situation. IMHO, it is significant that Liberty chose not to respond to Jordan & the House judiciary committee. In anticipation of that this group of senators pressed forward to engage the FTC and DOJ. They would not have done that without knowing that either or both would open an investigation. IMO the long game is the next Concord agreement they will be happy to welcome them with a one BILLION dollar buy in fee...... Get the feds involved this drags on then boom they are let in with open arms when the fee increases..... Yeah I think that is what they'd like to do. Seems like Congress, the Senate, the DOJ, and the FTC might make it a little difficult to play that game though, esp given that they're already in hot water with them over Live Nation/Ticketmaster.
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Post by Red_Hercules on May 22, 2024 9:31:19 GMT -8
They sure are building their case. "OBTW, FOM, we just hired your own Chief Technical Officer. Does that make us a 'serious entry'?" Meanwhile, a bipartisan group of senators has bypassed Liberty entirely. They sent a letter to the DOJ's Antitrust Division and to the chair of the FTC. This is a significant escalation - US Senators urging that an official investigation be opened using very specific language. This could lead to a full scale Antitrust enforcement investigation. If the Justice Department and FTC take this seriously and pick it up, Liberty are going to have a lot of work on their hands defending themselves as it'll no longer be a "let's play the long game and hope the politicians get bored" situation. IMHO, it is significant that Liberty chose not to respond to Jordan & the House judiciary committee. In anticipation of that this group of senators pressed forward to engage the FTC and DOJ. They would not have done that without knowing that either or both would open an investigation. Two possible ways this goes: 1) They let them in, under particular conditions (whether that's a $1 Billion entry fee, or whatever) 2) F1 is done in the US, and it becomes a Eurocentric (like it used to be) and an Asian Centric racing series.
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Post by DanicaFan on May 22, 2024 9:44:36 GMT -8
They sure are building their case. "OBTW, FOM, we just hired your own Chief Technical Officer. Does that make us a 'serious entry'?" Meanwhile, a bipartisan group of senators has bypassed Liberty entirely. They sent a letter to the DOJ's Antitrust Division and to the chair of the FTC. This is a significant escalation - US Senators urging that an official investigation be opened using very specific language. This could lead to a full scale Antitrust enforcement investigation. If the Justice Department and FTC take this seriously and pick it up, Liberty are going to have a lot of work on their hands defending themselves as it'll no longer be a "let's play the long game and hope the politicians get bored" situation. IMHO, it is significant that Liberty chose not to respond to Jordan & the House judiciary committee. In anticipation of that this group of senators pressed forward to engage the FTC and DOJ. They would not have done that without knowing that either or both would open an investigation. Two possible ways this goes: 1) They let them in, under particular conditions (whether that's a $1 Billion entry fee, or whatever) 2) F1 is done in the US, and it becomes a Eurocentric (like it used to be) and an Asian Centric racing series. I would vote to kick their ass out of the US.
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Post by mikey on May 23, 2024 2:35:21 GMT -8
Two possible ways this goes: 1) They let them in, under particular conditions (whether that's a $1 Billion entry fee, or whatever) 2) F1 is done in the US, and it becomes a Eurocentric (like it used to be) and an Asian Centric racing series. I would vote to kick their ass out of the US. The problem is alot of money has been invested to keep them here, an idea I like is the US 'settling' with Liberty that Andretti is in with the original 500 Million fee and the rest of Liberty's problems, in the US, get put on the back burner until they screw up again.
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Post by DanicaFan on May 23, 2024 2:50:35 GMT -8
I would vote to kick their ass out of the US. The problem is alot of money has been invested to keep them here, an idea I like is the US 'settling' with Liberty that Andretti is in with the original 500 Million fee and the rest of Liberty's problems, in the US, get put on the back burner until they screw up again. Problem is the money isn't being invested by racing people. It's coming from corporations who are looking to turn a quick buck.
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Post by hairyscotsman on May 23, 2024 7:09:11 GMT -8
I would vote to kick their ass out of the US. The problem is alot of money has been invested to keep them here, an idea I like is the US 'settling' with Liberty that Andretti is in with the original 500 Million fee and the rest of Liberty's problems, in the US, get put on the back burner until they screw up again. Just FYI, it's still $200M as of now.
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Post by hairyscotsman on May 23, 2024 7:14:00 GMT -8
I mean ... This just in: Liberty Media's Greg Maffei is a walking, talking piece of human garbage. But we already knew that. t.co/QhCiTJpufdThe 'competitive' standard they're applying is only there to exclude everyone, since it's extremely unlikely that anyone will be competitive right out of the box. At least half the grid is uncompetitive right now, FFS. And it's not up to FOM to decide whether or not an entrant is 'competitive'. That's the FIA's job, and they already approved Andretti. Meanwhile ... DOJ to announce antitrust lawsuit against Live Nation as soon as Thursday: The Ticketmaster parent company also owns concert venues and promotes shows. www.washingtonpost.com/business/2024/05/22/live-nation-doj-antitrust/ Shit 'bout to get real for Liberty in the US.
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Post by hairyscotsman on May 23, 2024 7:19:26 GMT -8
This really seems like an attempt by FOM to just cut the FIA completely out of any decision making.
Surely there are terms in the 99 year lease contract limiting and defining what the lessee can and cannot do while running the commercial side, which void the deal or at least put the contract at risk if they are broken. I wonder just how much crap like this FOM can pull before they end up in court with the FIA. I wonder how close they are to the edge right now.
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Post by wilmywood8455 on May 23, 2024 11:22:18 GMT -8
I mean ... This just in: Liberty Media's Greg Maffei is a walking, talking piece of human garbage. But we already knew that. t.co/QhCiTJpufdThe 'competitive' standard they're applying is only there to exclude everyone, since it's extremely unlikely that anyone will be competitive right out of the box. At least half the grid is uncompetitive right now, FFS. And it's not up to FOM to decide whether or not an entrant is 'competitive'. That's the FIA's job, and they already approved Andretti. Meanwhile ... DOJ to announce antitrust lawsuit against Live Nation as soon as Thursday: The Ticketmaster parent company also owns concert venues and promotes shows. www.washingtonpost.com/business/2024/05/22/live-nation-doj-antitrust/ Shit 'bout to get real for Liberty in the US. Yep. The owner of Live Nation, Sirius and by the way Formula One? Liberty Media
I fully expect the Andretti matter to follow right behind.
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Post by Red_Hercules on May 23, 2024 12:32:05 GMT -8
I mean ... This just in: Liberty Media's Greg Maffei is a walking, talking piece of human garbage. But we already knew that. t.co/QhCiTJpufdThe 'competitive' standard they're applying is only there to exclude everyone, since it's extremely unlikely that anyone will be competitive right out of the box. At least half the grid is uncompetitive right now, FFS. And it's not up to FOM to decide whether or not an entrant is 'competitive'. That's the FIA's job, and they already approved Andretti. Meanwhile ... DOJ to announce antitrust lawsuit against Live Nation as soon as Thursday: The Ticketmaster parent company also owns concert venues and promotes shows. www.washingtonpost.com/business/2024/05/22/live-nation-doj-antitrust/ Shit 'bout to get real for Liberty in the US. Screw them. They brought that stuff on to them. Their fault. LiveNation / TicketMaster are garbage.
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