On April 9, 2025, 23XI Racing and Front Row Motorsports filed a motion in the US District Court of Colorado to compel Liberty Media, the owner of Formula 1, to comply with a subpoena. This subpoena is aimed at obtaining the Concorde Agreement and financial documents, which are essential for calculating damages in an ongoing antitrust lawsuit against NASCAR using the 'yardstick' method. The legal action reflects broader efforts by 23XI and Front Row to enforce subpoenas for financial information across various sports leagues, including the NFL, NBA, and NHL, with a similar motion filed in New York City on March 31. Additionally, Liberty Media is reportedly seeking to acquire Dorna Sports, the owner of MotoGP, and has been exploring options to sell F1 rights for approximately $150 million to $180 million annually, starting from the 2026 season, which could be double the current payments made by ESPN.
Liberty Media (F1) isn't only league that 23XI and FRM have gone to court to try to enforce subpoenas for financial information on % of revenues that teams get. On March 31, 23XI/FRM filed motion in US District Court in NYC to compel the NFL, NBA and NHL to comply with subpoenas. https://t.co/SQfHPM0HbH
23XI and Front Row ask Colorado district court to force F1's Liberty Media to comply with a subpoena for Concorde Agreement and financial documents as part of NASCAR lawsuit. Full legal documents inside post. https://t.co/nX5KDy8fHT
23XI and Front Row ask Colorado district court to force Liberty Media to comply with a subpoena for Concorde Agreement and financial documents as part of NASCAR lawsuit. Full legal documents inside post. https://t.co/0DN7qeEF1X