Joining F1 in 2024/2025
Andretti Formula one rejected entry What have I learned from this article? During the beginning of 2024, Andretti Motorsport and GMC Cadillac joined forces and put a bid to enter formula one. Andretti motorsport was founded by Mario Andretti (1978 Formula One World Champion) and with his son Michael Andretti ( Raced for McLaren in 1993 and more famous for his Champ Car Career). https://www.espn.co.uk/racing/story/_/id/39430557/why-f1-rejected-andretti-bid-join-grid-2025-2026 The primary reason Andretti got rejected from formula One was due to the rival teams arguing that Andretti's arrival would dilute the prize given to each team from Formula Ones revenue. Even when considering the £200 Million anti-dilution entry fee that Andretti would pay on entry to the sport, teams complained saying the £200 Million was not enough to compensate the loss from each team. The issues of prize-fund dilution and the anti-dilution fee were not mentioned in the official formula one rejection as rejec...