P1racenews AI automatic summary:
Andretti F1 entry gets FIA approval but now faces key hurdle
Andretti’s bid for a new Formula 1 team has been approved by the FIA, but they still need to negotiate commercial discussions with F1 to secure a place on the grid. The American racing organization, in partnership with General Motors and Cadillac, aims to compete in F1 by 2025. Andretti Formula Racing LLC is the only candidate to meet the FIA’s strict criteria and advance to the final phase of the application process. However, gaining approval from the commercial rights holder may prove challenging, as F1 has not shown much enthusiasm for welcoming a new team. F1 has the power to reject a commercial agreement, even if controversial, potentially leading to legal disputes. F1’s response to the FIA’s announcement indicates that they will conduct their own assessment of the remaining application. The application process is divided into three phases: expressions of interest, due diligence assessment, and F1’s own evaluation. While the FIA has approved Andretti’s entry, it could still take several months for F1’s assessment to be completed.
Source: The Race
