"First, they think they are going to get diluted one-tenth of their prize money, but they also get very greedy thinking we will take all the American sponsors as well. "It’s all about money," Andretti told Forbes. It’s all about greed and looking at themselves and not looking at what is best for the overall growth of the series.Īndretti, who has been doggedly pursuing an F1 team for several years, hit back on Tuesday in an interview with Forbes, putting the lukewarm reception down to greed. First, they think they are going to get diluted one-tenth of their prize money, but they also get very greedy thinking we will take all the American sponsors as well. Michael Andretti labeled Formula One team owners "greedy" on Tuesday and said putting their self interest ahead of the sport was the reason for the tepid reaction to his bid to bring an all-American team to the series.įormula One owners have expressed indifference to the announcement last week that Andretti Global and General Motors brand Cadillac were joining forces in a bid to become the sport's 11th team. I think we'll be bringing a tremendous amount of support to Formula 1 and it's hard for anyone to argue with that.Mercedes driver George Russell of Britain (front) steers his car during the Brazilian Formula One Grand Prix at the Interlagos race track in Sao Paulo, Brazil, Nov 13, 2022. "We feel that was the one box that we didn't have checked that we do have checked now.
"Well, we're bringing one of the biggest manufacturers in the world with us now with General Motors and Cadillac. "One of the big things was 'what does Andretti bring to the party?'," Andretti said. "Any Expressions of Interest process will follow strict FIA protocol and will take several months." What Andretti now 'brings to the F1 party'Īndretti said in the announcement, the culmination of four months of negotiations with General Motors, that the American automaker provides the Andretti effort with the additional value rival teams have argued new teams must bring to F1. "Any additional entries would build on the positive acceptance of the FIA's 2026 PU regulations among OEMs which has already attracted an entry from Audi. Twitter Due to your consent preferences, you’re not able to view this Privacy Options
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