P1racenews AI automatic summary:
Liberty Media has acknowledged that the US Department of Justice is conducting a probe into the organisation’s decision to turn down Andretti’s Formula 1 proposal. While the FIA accepted Andretti’s bid to enter the sport last October, the prospective American squad failed to receive the green light from Formula One Management. FOM outlined that it […]
The FIA approved Andretti’s bid to enter Formula One last October, but Formula One Management did not give the green light, raising concerns about Andretti’s competitiveness by 2025. They may reconsider in 2028. Andretti is actively pursuing its goal of becoming the 11th team by establishing a new headquarters at Silverstone and hiring aggressively. The United States Congress raised antitrust concerns to Liberty Media regarding Andretti, leading to a Department of Justice investigation. Despite advice to acquire an existing team, Liberty Media is not ruling out grid expansion for new entrants if they meet FIA and F1 criteria.
