P1racenews AI automatic summary:
The FIA has approved Andretti’s F1 bid. Now what?
have to overcome if they want to secure a spot on the F1 grid. Despite the approval from the FIA, there is still skepticism about whether FOM and the existing teams are open to expanding the number of teams beyond the current 10. Michael Andretti’s criticism of FOM earlier this year highlights the closed nature of the sport and the resistance to change. Andretti has put together a strong bid and invested in the necessary infrastructure, but the current Concorde Agreement and the anti-dilution fee pose challenges. The target date for entry has been set for 2025, but there are concerns that the goalposts might move after that season. Ultimately, Andretti’s fate in F1 will depend on the willingness of FOM and the existing teams to embrace new entrants.
Source: Racer
