{"id":294899,"date":"2023-10-03T16:24:27","date_gmt":"2023-10-03T16:24:27","guid":{"rendered":"https:\/\/sportstons.com\/?p=294899"},"modified":"2023-10-03T16:24:27","modified_gmt":"2023-10-03T16:24:27","slug":"andretti-cadillac-excited-as-new-team-edges-closer-to-joining-f1-grid","status":"publish","type":"post","link":"https:\/\/sportstons.com\/racing\/f1\/andretti-cadillac-excited-as-new-team-edges-closer-to-joining-f1-grid\/","title":{"rendered":"Andretti Cadillac 'excited' as new team edges closer to joining F1 grid"},"content":{"rendered":"

<\/p>\n

Andretti Cadillac say they are \u2018excited\u2019 and \u2018honoured\u2019 as their journey to joining the Formula One grid edges closer.<\/p>\n

On Monday, it was announced that the FIA had approved Andretti Formula Racing\u2019s bid to enter F1 in the new few years.<\/p>\n

The sport\u2019s governing body launched an \u2018expressions of interest\u2019 process at the start of the year for any prospective teams that wanted to compete at the pinnacle of motorsport, though Andretti\u2019s interest can be traced back to the start of 2022.<\/p>\n

As expected, the American team were the only one to get approved, with bids from Hitech, New Zealand-based Rodin Carlin, and an Asian outfit LKY SUNZ all rejected.<\/p>\n

Andretti Global already have successful teams in many motorsport series, most notably IndyCar and Formula E, and are owned and run by former F1 driver Michael Andretti, whose father Mario won the 1978 world championship.<\/p>\n

In order to better their chances of entering F1, they teamed up with US car giant General Motors back in January and they released this joint-statement following the FIA\u2019s announcement:<\/p>\n

\u2018Andretti Cadillac is honoured that the FIA has approved Andretti Formula Racing\u2019s Expression of Interest for the FIA Formula One World Championship.<\/p>\n

<\/p>\n

\u2018We appreciate the FIA\u2019s rigorous, transparent and complete evaluation process and are incredibly excited to be given the opportunity to compete in such a historic and prestigious Championship.<\/p>\n

\u2018The formation of this distinctly American team is an important moment of pride for all our employees and fans.<\/p>\n

\u2018We feel strongly that Andretti Cadillac\u2019s deep racing competencies and the technological advancements that come from racing will benefit our customers while heightening enthusiasm for F1, globally.<\/p>\n

<\/p>\n

\u2018We look forward to engaging with all of the stakeholders in Formula One as we continue our planning to join the grid as soon as possible.\u2019<\/p>\n

However, many have pointed out that Andretti\u2019s real battle has only just begun, as they now need to get approval from F1 itself and the 10 teams currently racing.<\/p>\n

The idea of an 11th team on the grid has been met with \u2013 to put it mildly \u2013 a lukewarm reception, in part as it means the sport\u2019s prize money would be diluted.<\/p>\n

Money is not the only factor at play however, as Haas boss Guenther Steiner told the Metro back in April: \u2018What does an 11th team bring to F1? Does it bring more fans? Maybe not. Does it bring more revenue? Maybe not. Do we have to share the revenue between 11 teams not 10? Yes.<\/p>\n

\u2018There aren\u2019t a lot of upsides. Like in any business, why would you give a share of something to somebody who doesn\u2019t bring an upside? That is the general thinking not only mine.<\/p>\n

\u2018If somebody can demonstrate that they bring an upside for everybody not only them I think there is a possibility, but if that is not coming I think it will be very difficult to make a case.\u2019<\/p>\n

For more stories like this,\u00a0check our sport page<\/strong>.<\/p>\n

Follow Metro Sport for the latest news on Facebook,\u00a0<\/strong>Twitter\u00a0and\u00a0Instagram<\/strong>.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Andretti Cadillac say they are \u2018excited\u2019 and \u2018honoured\u2019 as their journey to joining the Formula One grid edges closer. 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