![]() ![]() Michael Andretti is one of the most successful drivers in American open-wheel racing with an CART PPG Indy Car world championship in 1991, the most victories of any CART series driver (42) and fourth in all-time wins. Mario remains the only driver to ever win the Formula One championship (1978), the Daytona 500, and the Indianapolis 500. Andretti is a dynasty, and the singular household surname symbolizing open-wheel racing that is exceptionally marketable in the states. ![]() Only then the sport will grow.”Īndretti is much more than a name. And it's not only by paying the $200 million entry fee, but it needs to demonstrate in my opinion what it can do for the other teams, for F1 and FIA. But every team that is joining needs to be accretive, that means it needs to add value. Less than a week after the application was filed, Toto Wolf was quoted by Motorsport saying that "Andretti is a name, that's for sure, and the American market is important. ![]() team.Īccepting Andretti Global into Formula 1 would seem to make sense on many levels in terms of marketability and driving increased revenues to the F1 bottom line, which in turn would increase prize money current teams are concerned about the dilution of the prize money. As a result, Formula 1's governing body has expressed interest in adding a second U.S. It is not clear whether Andretti Global will be a separate entity from Andretti Autosport, but what is clear is the organization proved its ability to hand over an up front payment of $200 million (196 million euros) to compensate existing F1 teams.ĭating back to the release of the movie 'Rush' in 2013 and more so to the 2019 beginning of the Netflix Formula 1: Drive to Survive documentary series, the sport has seen exponential growth in popularity in the U.S. Mario also said in his post that son, owner of Andretti Autosport, CART champion, and former F1 driver Michael Andretti, had applied under the name of Andretti Global. If approved, it will mark only the ninth time that an American team would compete in what is widely felt as the pinnacle of open-wheel racing competition Haas Racing was the latest to join the grid in 2016. The confirmation came from none other than the patriarch of the Andretti racing family, Mario Andretti. ![]()
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