P1racenews AI automatic summary:
Michael Andretti is entering negotiations with Formula 1 on commercial terms after the FIA accepted its bid.
Michael Andretti is puzzled by the lack of support from Formula 1 teams for his Grand Prix entry and sees it as a mystery. Although his bid was approved to move forward in the process, Formula 1 and the existing teams have been hesitant due to concerns about reducing prize money. Andretti has already developed a car for wind-tunnel testing and believes his team can bring additional revenue to Formula 1 through increased fan support and sponsorship interest. The teams are wary of splitting the prize pot among 11 teams instead of 10, but Andretti believes there are plenty of sponsors available to support their entry and disagrees with the notion that there is a limited pool.
Source: RacingNews 365
