This racing team received a rejection from Formula 1

The application was “not successful,” said David Dicker, founder of the car manufacturer Rodin Cars, in a statement that was available to the German Press Agency. Several media outlets had previously reported on it.

Dicker also fueled speculation that ex-racing driver Michael Andretti’s US project with General Motors subsidiary Cadillac would get a place in Formula 1. “Recent information suggests, as expected early in this process, that the only successful applicant will be Andretti Global,” Dicker said.

The world association FIA wants to expand the premier class of motorsport from the current ten teams from 2025 or later. According to specialist media, four applicants were able to calculate their chances. In addition to Rodin, which wants to build its cars in New Zealand and said it wanted to reserve one of the two cockpits for a woman, and Andretti, the English racing team Hitech and the Lky Sunz company, which was supported with money from Asia, also showed interest.

Entrance fee as a point of contention

The specialist portal “Motorsport-Total.com” recently reported that all applicants except Andretti had received a rejection.

The FIA ​​and Formula 1 have not yet published any information about the status of the selection process. The point of contention is, among other things, the amount of the entry fee for a new racing team, with which the established teams are compensated for the fact that they would receive a smaller share of the marketing revenue in the future.

In the basic contract, this protective payment is set at $200 million. According to the agreement between the world association, the Formula 1 owners and the racing teams, there is space for up to twelve teams in the starting field.