“It’s Not About Money”: F1 Boss Serves Massive Blow to Andretti’s F1 Dream With an Adamant Statement

The dream of renowned American racing figure Michael Andretti to enter the world of Formula 1 has encountered a significant setback. Despite his attempts to buy an existing team in the sport, it seems that no one is willing to sell. F1 CEO Stefano Domenicali remains resolute in his stance that the sport does not require an 11th team unless it brings substantial value to the table. This firm position from Domenicali adds further challenges to Andretti’s aspirations, leaving his F1 dream hanging in the balance.

Andretti had been trying to acquire one of the existing ten teams, but all his efforts proved to be futile. Despite his reputation and experience as a former driver and team owner, the current teams seem to be opposed to adding another team to the grid. This has led to questions about whether the Andretti name itself is being blacklisted by the current teams. Even F1 chief Stefano Domenicali acknowledges that Andretti is not alone in facing obstacles when attempting to acquire an existing team. The current teams’ reluctance to sell stems from concerns about diluting the sport by introducing an additional team, regardless of its association with the illustrious Andretti name.

Stefano Domenicali maintains a steadfast position regarding the addition of new teams to the grid. He firmly believes that unless a newcomer brings something of significant value to F1, there is no need for an 11th team. As per Motorsport Total, Domenicali emphasized this point, stating, “I’m not changing my mind on that point. It’s not about money like we said, and I don’t want to prejudge anything because there is a process going on.” He further acknowledged the ongoing process conducted by the FIA and expressed the expectation of reaching a conclusion soon.

Read more: “It’s Greed!”: Former Team Boss Slams F1 for $700,000,000 Insult That Is Keeping Andretti From Realizing His F1 Dream

With Domenicali’s statement casting doubts on Andretti’s plans, it would be interesting to see how he navigates this challenge. Will he abandon his quest for an F1 team, or

will he find ways to bring something unique to the table that will convince F1 to let him in? or is his joint bid with General Motors (GM) enough?

FIA Contemplates the Inclusion of General Motors in F1

The FIA has received “more than five” expressions of interest from teams looking to join Formula 1, however, the bid that stands out the most to Mohammed Ben Sulayem, the president of the FIA, is the one submitted by Andretti Global and General Motors. This combination of Andretti’s racing expertise and GM, a prominent and influential player, a significant presence in the automotive industry provides a compelling case for their inclusion in the sport.

Mohammed Ben Sulayem emphasizes the FIA’s commitment to fairness and promoting motorsport. He states, “People have to understand we are here to promote motorsport and we are here to be fair. The Expressions of Interest process is very robust, and there is no circumstance where we can deny any teams if they fulfill the criteria to enter.” He further highlights the inclusion of General Motors, a heavyweight in the industry, as a positive for the sport and its fans.

What do you think will an 11th team enter the grid and how will it affect F1?

WATCH THIS STORY | Mario Andretti Teases Blockbuster American Formula 1 Team in 2024