A new team wants to enter Formula 1. It was not surprising that Michael Andretti got the green light from the association. The resistance comes from others. It should still be exciting.
After the FIA’s green light, Michael Andretti’s (60) US project still faces a really tough course. The son of racing driver Mario Andretti has to convince potential rivals and also Formula One management. In the crucial phase of the application process, Formula 1 management will examine whether Andretti can increase the value of the sport with his planned team.
Motorsport director Eric Warren of General Motors had already assured NBC that “this team would be a great added value for Formula 1.” With its Cadillac brand, GM is a partner in Andretti’s Formula 1 project. The construction of the Andretti Cadillac racing team for the 2025 season is already well underway, “because we are running out of time,” Warren also explained.
It would be the second US team after Haas. And there are currently three races in America: Miami was already there this year, Austin and the premiere in Las Vegas are still to come.
Starting sum of $200 million
The problem for Andretti, despite all the joy about the FIA decision, is that increasing the starting field to eleven racing teams would mean that the income would have to be shared with one more team. $200 million is expected for entry.
But because the racing series is booming and new markets and cities are being opened up, such as Las Vegas, those who are against an eleventh team consider this sum to be too low. According to Forbes magazine, Scuderia Ferrari alone, the largest and still most illustrious name in the field, is worth around 3.5 billion euros, while Haas is also valued at 700 million.
“We take note of the results and statements of the FIA with regard to the first and second phases of its application process and will now carry out our own assessment as to whether the remaining application is justified,” Formula 1 said quite soberly after the FIA decision . “Interest in Formula 1 is already great. I don’t think the arrival of new teams would increase interest,” Formula 1 managing director Stefano Domenicali said weeks ago.
Mercedes motorsport boss warns
Mercedes Motorsport Director Toto Wolff warned that no major sports league would open the door so easily to newcomers and let them share in the prize money. “Something like that just dilutes the entire league.”
FIA President Mohammed Ben Sulayem also emphasized in the association’s announcement that the world association was acting in accordance with an EU directive. A European Union directive from 2000 prohibits applicants from being refused participation without reasonable reasons.
Source: Stern
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