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Andretti must show his team would add value to F1, current bosses say · Biznewz

Formula 1 crew bosses have stated Michael Andretti ought to solely be allowed to affix the sequence as a brand new entrant if he can present it might add worth to the championship.

Last week the previous F1 and IndyCar driver’s father, 1978 world champion Mario Andretti, revealed his son had approached the FIA to enter a brand new, eleventh crew within the 2024 season.

The improvement drew a cautious response from a number of crew bosses in an FIA press convention throughout testing on the Circuit de Catalunya right this moment.

Under the Concorde Agreement, the industrial phrases beneath which F1 is organised, new entrants should pay a $200 million anti-dilution charge. However Mercedes crew principal Toto Wolff says Andretti should show he can do greater than merely afford to enter.

“Andretti is a name that for sure in the American market is important,” he stated. “But every team that is joining needs to be accretive, that means needs to add value.

“It’s not only by paying a 200 million dollar entry fee, it needs to demonstrate, in my opinion, what it can do for the other teams, for Formula 1 and the FIA. Only then the sport will grow.”

F1 is “the absolute pinnacle” of motorsport, stated Wolff. “This is the Champions League or the NFL. And redistributing franchises on the go, that’s not how it should be, and it’s not the intention of Formula 1 and the FIA either.

“But if there is a real brand coming in with good people, necessary funding, not only the 200 million, but probably you need more of a billion if you want to play in this club straight from the get go. And then why not?”

Andretti’s groups already compete in IndyCar, Formula E, Extreme E and different sequence. Red Bull crew principal Christian Horner stated an software by Andretti to enter F1 would want cautious consideration.

“I think it’s great that there’s the interest, for people wanting to enter Formula 1 and the Andretti name is certainly a powerful name in motorsport. And of course, they’re not the only ones that are making noises about coming on, but there is a clear criteria, through the Concorde Agreement, that be has to be met and approved.

“So I’m sure they’re engaged in that process. And of course, that agreement is there to protect the ten incumbents and not to dilute that. So obviously, that would need to be carefully looked at.”

The present groups must give their approval to an entry from Andretti, AlphaTauri crew principal Franz Tost added.

“We have 10 teams and I think 10 really good teams. And at the end, this is a decision from the FIA and from FOM. And you know, if Michael wants to come with a new team and if all the ingredients are coming together and if all the teams also accept it, then yes, otherwise, no.”

However, McLaren crew principal Andreas Seidl stated they “definitely would welcome the Andretti team” into F1.

“The Andretti name, a US team which will help to grow the sport further in the US, I think would also open up simply more possibilities again to get young drivers in, the more teams we have. And in the end, the earlier we get to 12 teams, which is the maximum we can have, I think it would just help to drive the franchise value even higher of us teams.

“So absolutely open for it, and I’d love to compete with them.”

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