Andretti Family Still Wants to Enter Formula 1, Awaits FIA Decision

Michael Andretti shows thumbs up as he races to a Guinness World Record for driving the world's fastest edible car 7 photos
Photo: Screenshot from YouTube video by Guinness World Records
Alfa Romeo F1 TeamAlfa Romeo F1 TeamAlfa Romeo F1 TeamAlfa Romeo F1 TeamAlfa Romeo F1 TeamAlfa Romeo F1 Team
The Andretti name might return to Formula 1 46 years after Mario won his Formula 1 World Championship title as a driver. For those of you who are younger, that happened back in 1978. Now, another Andretti, Michael, who is one of Mario's sons, wants to come to the sport as a team owner.
The news was first announced on Mario Andretti's Twitter feed this Friday, and his son confirmed the intention without adding any comments. Now, the idea is that the Andrettis have just applied to field a new F1 team starting the 2024 season, which means that their request might be denied by the FIA.

Back in 2021, Michael Andretti discussed with Sauber, the company that owns and operates the Alfa Romeo F1 team, in a bid to acquire it. The deal did not move forward, which left the Andretti family with an interest in becoming team owners in the world's most expensive sport, but with no teams available to acquire. At least, that is the impression at this moment.

The current version of the Concorde Agreement, which governs the sport, was made in 2021. If any new teams wanted to enter and become the 11th on the grid, they would have to pay 200 million dollars, which would be split equally among the ten existing teams. The current CEO of F1, Stefano Domenicali, told that he preferred a better sustainability with the teams that are already in the sport.

The move is meant to help ensure the value of existing teams, but it also limits entry possibilities for any teams that are not doing exceptionally well from a financial standpoint.

According to Mario Andretti's tweet, his son's entry, Andretti Global, has the resources and "checks every box." In other words, according to Mario Andretti, there is no reason why the FIA would not accept his son's entry, but it will be up to the international federation's leaders to decide using the existing rules. It will be interesting to see the Andretti family back in F1.

Formula 1 teams must operate with fixed budgets, but that does not mean that the sport is affordable in any way. Instead, those cost caps are meant to keep the big teams in check from going too far development-wise when compared to newer entrants. The youngest team in Formula 1 is Haas, which joined back in 2016.

If you liked the article, please follow us:  Google News icon Google News Youtube Instagram

Editor's note: For illustration purposes, the photo gallery shows the Alfa Romeo F1 team's race cars on the track in 2021. The Andretti family wanted to acquire the team last year.

About the author: Sebastian Toma
Sebastian Toma profile photo

Sebastian's love for cars began at a young age. Little did he know that a career would emerge from this passion (and that it would not, sadly, involve being a professional racecar driver). In over fourteen years, he got behind the wheel of several hundred vehicles and in the offices of the most important car publications in his homeland.
Full profile


Would you like AUTOEVOLUTION to send you notifications?

You will only receive our top stories