Wolff has steadfastly maintained that any new entrant would need to have the funds to invest heavily in order to help grow the sport. But we’re not part of the process of choosing a team or not.” “If we’re being asked, our opinion is being asked. “First of all, we have no say in this,” said Mercedes head Toto Wolff. The four known applicants are Andretti in a venture with General Motors and Cadillac a Craig Pollock-effort called Formula Equal that is believed to have funding from Saudi Arabia a British-based team calling itself Hitech Grand Prix and LKY SUNZ, a southeast Asia-backed effort.īack in Miami where Andretti was roaming the paddock, the team principals who have been so opposed to his participation conceded they ultimately don't have any influence on the process. The original deadline was June 30, but that was pushed back when the application deadline was extended. Andretti at last year's inaugural race in Miami went team-to-team in an unsuccessful request to have them sign a petition in support of his efforts.Īll but two teams have been vehemently opposed to the addition of Andretti - or expanding the grid in general - because they don't want to dilute revenue.Ĭurrent F1 regulations contain provisions for up to 13 teams, and the FIA isn't expected to rule on any new applications until later this summer. The process began after Andretti, who in 2021 failed to purchase the Sauber team, asked the FIA to expand the F1 grid so he could field an American two-car team. The initial deadline of April 30 was extended to May 15th. (AP) - Michael Andretti is back at the Miami Grand Prix with his financial backers networking throughout the paddock in his bid to land a Formula One team.Īndretti Global is one of four known applicants to submit official “expression of interest” documentation to the FIA, which in January created a formal process to explore expanding the grid beyond its current 10 teams.
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