P1racenews AI automatic summary:
Full statement: F1’s decision to reject Andretti’s entry bid for 2025
“On 22 March 2023, the FIA invited applications to participate in the FIA Formula One World Championship. Andretti Formula Racing, LLC submitted an application and passed the initial assessment process. The FIA announced their satisfaction with the application on 2 October 2023 and the Applicant progressed to the next stage of the process, which involved a commercial assessment by the Commercial Rights Holder. The Commercial Rights Holder reviewed the Applicant’s value to the Championship, considering factors such as competitiveness, power unit supply, fan growth, stakeholder opinions, operational impact, and commercial rights. A meeting was offered to the Applicant, but they did not take it up. This document summarizes the review process and the conclusions drawn from it.”
