Michael Andretti Submits Entry for New F1 Workforce to Race in 2024

Michael Andretti is concentrating on increasing his motorsport portfolio into Formulation 1 in time for the 2024 season.

Formulation 1 has featured 10 groups since 2017, with the newest addition being the US agency Haas, however the laws enable for as many as 13 entrants. Andretti Autosport’s empire contains groups within the NTT IndyCar Collection and Formulation E, nevertheless it has not too long ago focused an additional growth into Formulation 1.

It was in superior discussions with the Alfa Romeo workforce run by Sauber Motorsport in 2021 however these talks collapsed over what Andretti known as management points.

On Friday, Michael Andretti’s father, 1978 F1 champion Mario, revealed on Twitter that Michael had submitted an entry to the FIA to discipline a brand new F1 workforce, beginning in 2024, below the guise of Andretti International.

When reached for a remark, Andretti Autosport confirmed to Autoweek the validity of Mario’s tweet however didn’t present additional data.

The applying nonetheless requires approval from Formulation 1’s governing physique the FIA, and the cost of a $200 million anti-dilution fund to guard present groups, however the state of affairs is superior.

“He’s been working so arduous to go for another, if he can’t purchase an present workforce, he and his group have determined they’d embark on this enterprise,” Mario relayed to Autoweek Friday night. “Realistically they’ve executed fairly a little bit of homework earlier than committing with this, tried to align lots of vital facets.”

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Andretti outlined that personnel have been scouted, an assurance over an engine provide has been reached, and it will probably function out of a base in the UK.

“Along with his group they’re keen to enter it with each ft, as you may think about, and so they’re pondering as far forward as being concerned in feeder sequence like Formulation 2 and Formulation 3,” mentioned Mario.

“For those who have a look at all of the disciplines he’s been in, the final word aim for a very long time for him has been Formulation 1, and he felt it somewhat be before later.

“He’s embarking on this and hoping to be accepted, as you may think about, and as soon as he’s, the following day, the primary block shall be laid, to start out it.

“Time is of the essence to have the ability to have a automotive on the grid in 2024, so he’s making an attempt to hopefully get all of the geese so as as rapidly as doable to finalize these items, and so they’re pending proper now.”

Formulation 1 has turn into extra enticing to america in recent times, with the introduction of a price cap in 2021, 4 years after Liberty Media acquired the championship. There shall be two US rounds in 2022, with Miami becoming a member of Austin. Andretti now desires to be a part of the paddock in its personal proper after initially striving to become involved with an present workforce.

“He has approached a number of groups, that had been taken with promoting, and there was nothing accessible in the meanwhile, so that is the opposite various,” mentioned Mario. “He doesn’t wish to quit the thought. And that is fairly the enterprise, not the popular enterprise, however reveals his mindset is there and he desires to do it regardless. He has good stable group behind him and so they all need it to occur, all of them wish to be a part of it, and so they have their eyes extensive open. They wish to do it. I’m very pleased with that.”

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