P1racenews AI automatic summary:
Michael Andretti’s bid to enter a team in Formula 1 had FIA approval – but will not get the blessing from the championship itself
Formula 1 has rejected the bid for a new General Motors-backed Andretti Global entry, despite prior approval from the FIA. Andretti Formula Racing’s entry, running under the Andretti Cadillac banner, was given the green light by the FIA, but F1’s approval was still needed. F1 decided not to grant approval, stating that Andretti did not prove it would add enough value to offset the downsides and potential risks, or demonstrate competitiveness. Andretti may challenge F1’s decision through legal channels or seek a private resolution. This rejection is likely to strain F1-FIA relations and divide fans who disagree with F1’s closed shop mentality.
