Everso Biggyballies wrote: ↑1 week ago
What I dont understand is where this US Congress issue can go beyond a PR campaign.
Well, Liberty Media is a U.S. located and owned company and there are three grand prix in the U.S.
Representative Victoria Spartz (R-IN), who was in the video I posted, is a member of the Judiciary committee. Her presence there was significant. A House committee can certainly investigate Liberty, including subpoenaing John C. Malone and Greg Maffei to testify (and they cannot refuse a subpoena unless they want to serve jail time like Peter Navarro is and Steve Bannon is about to). So yea, this is more than just a PR campaign.
Then there is anti-trust legislation:
https://en.wikipedia.org/wiki/United_St ... itrust_law
Do not know the limits of that, especially as it applies to sporting series, but the last thing Liberty Media will want to deal with is a congressional hearing on anti-trust violations and possibly a future indictment. There are probably a lot of teeth behind that snarl.
Now, the congressmen leading the charge are Republicans, and both Malone and Maffei have contribute to (at least $250K) and supported Donald Trump or the Republican Party, so most likely people will work something out long before it turns into a political, investigative or legal circus, but this is something that they have to take seriously.