• TheGrandNagus@lemmy.world
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      3 months ago

      It’s a bit complicated. Liberty Media is, Formula One Management (a subsidiary) isn’t.

      I imagine they will argue that in the same way the US can’t regulate McDonald’s UK subsidiary, the US can’t regulate FOM.

      However the US could say “ok well no more US races until you let more US teams join”

    • Rapidcreek@lemmy.world
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      3 months ago

      It doesn’t matter. They do business here. Ask FIFA, which is incorporated in Austria. But, yes, Liberty is a US company whose stock you can buy on the NYSE