FIA boss stunned by ‘opposed response’ to Andretti F1 plan

LONDON, Jan 8 (Reuters) – The pinnacle of Formulation One’s governing physique on Sunday strongly supported a proposed new Andretti Cadillac all-American workforce and stated he was stunned by “opposed response” to the plan.

Mohammed Ben Sulayem’s feedback on Twitter hinted at a row brewing between the president of the Worldwide Car Federation (FIA) and Formulation One’s industrial rights holders Liberty Media and groups.

“It’s shocking that there was some opposed response to the @Cadillac and @FollowAndretti information,” Ben Sulayem wrote.

“The @FIA has accepted the entries of smaller, profitable organisations in recent times. We needs to be encouraging potential F1 entries from international producers like @GM and thoroughbred racers like Andretti and others.

“Curiosity from groups in progress markets provides variety and broadens @F1’s attraction”.

Formulation One issued a lukewarm response on Thursday to the announcement that Michael Andretti’s Andretti International and Common Motors model Cadillac have been becoming a member of forces in a bid to grow to be the game’s eleventh workforce. learn extra

A Formulation One spokesman stated then that any new entrant needed to be agreed by each F1 and the FIA and could be assessed “by all of the related stakeholders”.

Formulation One’s chief govt Stefano Domenicali, a former Ferrari boss, stated final September that increasing past 10 groups was “not a precedence”.

A senior workforce determine informed Reuters on Friday {that a} “sturdy majority” of the groups have been towards increasing the grid and diluting the share of revenues. learn extra

The identical determine additionally instructed the Common Motors involvement was extra of a “badging train” than a full producer dedication and the $200 million entry price, to compensate the opposite groups, was too little on present valuation.

“The worth of Formulation One is that it’s a restricted quantity of franchises and we don’t need to dilute that worth by simply including groups,” Mercedes workforce boss Toto Wolff stated throughout final Could’s Miami Grand Prix.

Ben Sulayem has stated the governing physique is exploring the expressions of curiosity course of and would offer an replace quickly.

The method will observe strict protocols and take a number of months, with insiders saying that even when accepted a brand new workforce wouldn’t be capable to enter earlier than 2026 on the earliest.

Reporting by Alan Baldwin; Enhancing by Hugh Lawson

Our Requirements: The Thomson Reuters Belief Ideas.

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