FIA Approves Andretti Bid
The FIA have backed a bid by American Michael Andretti, son of 1978 world champion Mario, to enter a new 11th team into F1 subject to approval by the commercial rights holders After months of close analysis by the FIA over engagement of interest to join F1 a few years from now, the governing body finally announced the proposal’s outcome. An issue released on Monday said that Andretti was the only applicant welcomed into the third and final selection stage, which now involves F1’s commercial rights holders. The motorsports governing body is ecstatic with the Andretti move and believes it brings all the criteria to fruition. However, this does not mean the team gets a guaranteed spot on the grid. The next move is to strike a deal with FOM, and there has long been a noted resistance to the grid getting expanded beyond 10 teams. The Andretti name is well-known in the motorsport space. Andretti Global currently competes in Formula E, IndyCar, Extreme E, and IMSA with Wayne Taylor Racing. Son of F1 world champion Mario Andretti, Michael Andretti, leads the charge hoping to secure a spot in the top-tier racing division. Michael showed initiative from day one and hopes to join the grid within the next few years. F1 is now dominated by Red Bull and 2023 Constructors’ Championship favorites (odds), which will make things very interesting if an 11th team is added to the pack. Andretti’s failed attempt to buy Sauber encouraged multiple partnerships, all to strengthen its F1 bid. The team announced a collaboration with General Motorsports and its Cadillac brand in 2023, although plans still highlight a power unit from Renault. Michael Andretti also rebranded the entire motor racing series operation, now sporting the “Andretti Global” banner starting in 2024. Its bid was initiated under the name Andretti Formula Racing. FIA President Mohammed Ben Sulayem announced that the process Andretti underwent had been thorough, which is why it took longer than expected for the analysis to move to the next phase since the initial bid in February. Amid speculation over recent weeks that any instance Andretti fails to meet regarding commercial terms and not get approval could lead to legal action, the FIA president was specific in stating that the FIA adhered to strict procedures. Formula 1 teams have to show they can sustain the sporting, technical, and financial requirements of the sport, as well as illustrate detailed plans on sustainability and positive communal influence. Only four teams were fortunate enough to qualify for the second stage of the analysis, including Rodin Carlin, Hitech, and Asian effort LKYSUNZ informed recently that they were not part of the final selection group. Formula 1 features a continuously growing betting market for veteran and novice punters. Motorsport lovers will get a kick out of our Formula 1 odds selection, which features Drivers and Constructors’ Championship futures and outright winners of each Grand Prix. This is just one of the many sports betting guides that you can read here at Nitrobetting news. Stay tuned for more Formula 1 previews and articles and don’t forget to check out the latest sports betting odds at our crypto sportsbook.Andretti’s Formula 1 Entry Details
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