“We’re working every single day on this project, with the intention to be on the grid in 2024,” Andretti told PlanetF1.
When asked about the resistance to his team's targeted F1 entry, Andretti was defiant in his belief that they would be granted a place on the 2024 grid. They do have some backing from the existing F1 teams, with McLaren Team Prinicipal and Alpine F1 Team CEO Laurent Rossi expressing an interest in the increased competition. However, over the course of the season, the idea of Andretti becoming the 11th F1 team has been met with pessimistic responses from the likes of Mercedes Team Prinicpal Toto Wolff, and F1 CEO Stefano Domenicali. All rights reserved.Mario Andretti says that his team are still preparing themselves for an F1 entry, despite pushbacks from key figures in the F1 paddock.Įarlier in the year, F1 champion Andretti, along with son Michael, announced plans for the Andretti team to join the F1 grid from 2024. Terms of Use and Privacy Policy and Safety Information / Your California Privacy Rights are applicable to you. ^ Back to Top ^ © 2023 ESPN Internet Ventures. Islero are linked to Swedish billionaire Finn Rausing.Īndretti has interests in Ind圜ar, the electric Formula E and Extreme E series as well as sportscars.įerrari-powered Alfa, ninth in the standings, have signed Finland's Valtteri Bottas from reigning champions Mercedes for 2022 but have yet to confirm their full lineup. Swiss-based Sauber were bought by investment firm Longbow Finance in 2016, with Islero Investments taking control of Sauber Holdings in 2018. That's what killed the deal," said the American, who has long wanted to add a Formula One team to his motorsport activities. "It basically came down to control issues in the final hours of the negotiations. "That couldn't be further from the truth," he said. "I'd just like to put an end to some of these rumours that the deal fell through because of financial reasons," the Andretti Autosport boss told reporters after announcing rookie Devlin DeFrancesco as his latest Ind圜ar signing. motor racing entrepreneur Michael Andretti said on Thursday that "control issues" had led to the collapse of takeover talks with the owners of Sauber, who run the Alfa Romeo Formula One team.Īndretti - a former Ind圜ar champion, F1 racer and son of 1978 Formula One world champion Mario - had been in advanced talks with Sauber ahead of last month's U.S. Michael Andretti says 'control issues' killed Sauber F1 deal
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