P1racenews AI automatic summary:
Andretti’s hopes of making it to the Formula 1 grid appear dimmer than ever.
Andretti has been advised to follow the ‘Audi model’ to pursue entry into Formula 1. Michael Andretti’s bid for a new F1 team was accepted on technical and sporting grounds by the FIA. However, existing concerns about sharing prize money and the $200 million anti-dilution fee hindered Andretti’s progress. The anti-dilution fee is expected to increase under the re-negotiated Concorde Agreement for 2026. F1 rejected Andretti’s bid but left a door open for 2028 if General Motors can provide a viable power unit. Audi’s acquisition of Sauber is cited as a successful model for new F1 teams entering the sport. Andretti has gained support from the US Congress, with efforts to enter F1 facing scrutiny from various sectors. Red Bull’s Christian Horner advocates for Andretti to acquire an existing team for a smoother entry into the sport, emphasizing the importance of the business model in such ventures.
