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this post was submitted on 01 May 2024
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The NFL, MLB, and whatever US based sports leagues actually have exceptions to the Sherman antitrust act. F1 does not have this, but are owned by a US based, publicly traded company, and are this is subject to US law, including the Sherman antitrust act.
They have those clauses in the US, not the UK. So based on your logic the UK should be able to tell the NFL what they can/can't do regardless of US law.
You're arguing both ways. That the UK can't impose terms on the NFL because it's under US law, but that the US can impose terms on FOM despite being under UK law.
Incorrect. FOM is a UK company based in the UK. They are under UK jurisdiction, not US jurisdiction.
Think of it this way, McDonalds is an American company, but their UK subsidiary has to follow UK law, not American law. Does that make sense to you? The UK business follows UK advertising law, food safety law, employee protection law, environmental law, etc. Not US law.
If they operate in the US, like they are at this very moment in Miami, they are supposed to follow US law. They don't get some weird ass exception just cause the governing body is located elsewhere. Just like countries are free to ban cigarette advertising, the US does have the ability to say "you want to race here, follow our rules."
Think of it this way, McDonalds is an American company, but their UK subsidiary has to follow UK law, not American law. But if that UK franchisee wants to open a store in the US, they still have to follow US law. Does that make sense to you? The business that is operating in the US follows US advertising law, food safety law, employee protection law, environmental law, etc. Not JUST UK law.
Yes, they can revoke their Miami race. Good, we're getting somewhere. I'm glad you've come around and changed your stance.
They have jurisdiction of what happens in the US, but not elsewhere. I.e. they can blackmail FOM by saying if you don't allow (another) American team into F1 then you can't race in the US...
But they cannot apply US laws to FOM or enforce that they must allow more entrants.
Yes just UK law. A McDonald's in the UK only has to follow UK law. If you think otherwise, you are wrong.