News about Michael Andretti

The FIA had approved the American team's entry but F1 was dissatisfied with Andretti's request for admission as soon as 2025 or 2026, saying that the applicant does not appear to be a competitive participant.' However, F1, the commercial rights holder, said Wednesday that it is willing to revisit the topic in 2028 if GM has an engine ready for competition. Andretti's decision that it did not believe Andretti would be a competitive team, that the Andretti brand does not add to the series's value, and that getting on the grid in the next two years will be a challenge Andretti has never faced before.

Andretti, an American company, were granted permission by the FIA earlier this month, but that is far from the end of the tale. They must also sign an agreement with FOM, the body that manages F1's commercial rights and is heavily influenced by the existing ten teams, among whom there is opposition to an additional team.

Mohammed Ben Sulayem is secure that there will be no rift between the Formula One paddock and the prospect of an 11th team. Andretti, an American company that has collaborated with Cadillac, is hoping to join the grid after being approved by the FIA - F1's governing body earlier this year. Andretti was one of a number of teams attempting to qualify for Formula One, but their acceptance was far behind four others, owing to the Americans' financial support.

After being accepted by the FIA to move to the next stage of the process, American team Andretti has moved a step closer to joining the Formula One grid. In January, Cadillac, a division of American motoring behemoth GM, and Andretti, the son of 1978 world champion Mario Andretti, announced their intention of entering the sport at a competitive level. Following the initial call for expressions of interest and at the conclusion of a lengthy application process for four prospective teams' to proceed, the FIA found Andretti to be the only candidates to satisfy the stringent requirements.

The FIA said on Saturday that sexist remarks attributed to the president of Formula One's governing body and splashed across the media do not reflect President Mohammed Ben Sulayem's views. According to a 61-year-old man, who was elected in 2021 and has recently been at odds with Liberty Media-owned Formula One, he does not like 'women who believe they are smarter than men because they are not in truth'. The remarks, which seemed to be more than two decades old, were published on an old personal website that could no longer be read online.

Formula One founder Liberty Media-owned Formula One has accused FIA president Mohammed Ben Sulayem of interfering with its commercial interests by publicly criticizing a reported $20 billion valuation of the sport. Following Bloomberg's announcement that the Saudi Arabian Public Investment Fund (PIF) investigated a bid for more than $100,000, Ben Sulayem, an Emirati elected in 2021 to the top position at Formula One's governing body, took to Twitter on Monday. The FIA, as the custodians of motorsport, is suspicious of suspected inflated price tags on F1's,' Ben Sulayem said on his personal website.

Andretti Global and GM have announced joint plans to enter Formula One with a new all-American team utilizing the Cadillac brand and employing at least one American driver. Andretti Cadillac, if approved by Formula One and the FIA's leadership body, will be based in the United States with a satellite center in the United Kingdom, according to the company. Michael Andretti, the son of 1978 Formula One world champion Mario, is the father of 1989 Formula One world champion Mario.

After Andretti Autosport reportedly received significant financial support from a private equity company, America has stepped a step closer to seeing a second Formula One team. Michael Andretti, son of former F1 champion Mario, has teams in a number of series, including IndyCar, Formula E, and Extreme E, but the team has yet to penetrate the F1 market. Now, however, it appears that the Formula One dream is a step closer, as Front Office Sports reports that private equity company Guggenheim Partners, who have $285 billion in assets under control, has announced a cash injection.