Andretti Autosport may be about to launch an F1 team just as the series expands its presence in the U.S.
Michael Andretti, owner of successful IndyCar team Andretti Autosport, is looking to return to Formula One, this time as a team owner rather than driver.
He tweeted that his son has applied to the FIA regarding fielding a new team from 2024. He also said in the tweet that his son's potential entry, Andretti Global, has met all the requirements and has the necessary resources, and is now waiting to hear back from the FIA. F1 isn't exactly a sport one enters without significant financial resources. However, both Michael and Mario Andretti established a special purpose acquisition company called Andretti Acquisition, which was listed on the New York Stock Exchange in January and raised approximately $200 million in the process.reported last summer that Michael Andretti had been actively pursuing the acquisition of an F1 team.