P1racenews AI automatic summary:
Formula One Management Ltd (FOM) has rejected Andretti Formula Racing’s bid to join the grid as early as 2025, however,
In October, the FIA confirmed that it had accepted Andretti Formula Racing’s proposal to join Formula 1, but FOM, the sport’s commercial rights holder, needed to approve their entry. Now, FOM has stated that the presence of an 11th team on the grid would not add value to the Championship unless they were competitive and could compete for podiums and wins. FOM believes that Andretti would not be a competitive participant and would not bring value to the Championship. The rejection also focused on the engine supply, as Andretti would need to function as a customer before the planned arrival of a General Motors power unit in 2028. FOM also expressed concerns about the Applicant having to build two different cars in 2025 and 2026.