Thursday, 25 August 2022

"LOUD" ANDRETTI MAY NOT PROVIDE "VALUE" TO F1 - F1 CEO

 


Michael Andretti has a new global headquarters 'Andretti Global' whereby he also wants a piece of the Formula One "pie".

"At the moment we don't see that adding any more teams would bring us more value," said F1 CEO Stefano Domenicali.

"There are other interested parties who express their wishes discreetly," said the Italian. "Andretti has chosen the loud way.

"There is a very clear protocol. Anyone who applies for a place in the field must be solidly positioned and committed to the long term," Dominicali added. 

Existing F1 teams are not so welcoming as it pertains to new teams joining the F1 family as is with the Andretti case due to the nature of the lucrative income paid by Formula One Management.


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