FIA president surprised by adverse reaction to Andretti-Cadillac
FIA president surprised by ‘adverse reactions’ to Andretti news. Ben Sulayem stresses that the FIA has more often accepted entries from small, successful organisations in the recent past.
FIA President Mohammed Ben Sulayem has expressed his “surpris[e]” at the “adverse reaction” to Andretti’s latest push for a Formula 1 entry with General Motors.
The saga that is Andretti Global’s attempts to join the world championship took another turn in recent days when it announced its intent to work with GM, specifically through the Cadillac brand, to do so.
That news so happened to come just days after Ben Sulayem had tweeted that the FIA would be working on a formal expression of interest process for prospective F1 teams.
Notable also is that the FIA President has previously expressed personal support for Michael Andretti’s endeavours, whereas the GM move was met with what might be described as a lukewarm response from F1 itself.
Ben Sulayem has now tweeted again on the matter, in a post in which Cadillac, Andretti Autosport, GM, the FIA, and F1 were all tagged.
“It is surprising that there has been some adverse reaction to the Cadillac and Andretti news,” he wrote.
“The FIA has accepted the entries of smaller, successful organisations in recent years.
“We should be encouraging prospective F1 entries from global manufacturers like GM and thoroughbred racers like Andretti and others.
“Interest from teams in growth markets adds diversity and broadens F1’s appeal.”
Whose reaction was perceived to have been ‘adverse’ was not specified, although F1 played down the Andretti-GM development in a statement which it issued in response which also noted that it too must approve any new entry.
“There is great interest in the F1 project at this time with a number of conversations continuing that are not as visible as others,” read that statement.
“We all want to ensure the championship remains credible and stable and any new entrant request will be assessed on criteria to meet those objectives by all the relevant stakeholders.
“Any new entrant request requires the agreement of both F1 and the FIA.”
Teams are collectively enjoying greater financial stability now than at any time in recent memory, thanks in part to F1’s commercial growth but also the implementation of a budget cap allied with the franchise model.
Furthermore, prizemoney is split among 10 teams now, meaning a dilutionary effect if Andretti was to join the fray as an additional squad.
A new team is obliged to meet a $200 million anti-dilution fee, but that is a one-off payment.
The scope to create more value for the incumbents is therefore a significant factor, a point made by the likes of Mercedes Team Principal Toto Wolff.
FIA president surprised by adverse reaction to Andretti-Cadillac FIA president surprised by adverse reaction to Andretti-Cadillac
Also make sure you follow us on social media Facebook, Twitter, Instagram for all the latest updates between issues.
Formula 14 days ago
Porsche Ends F1 Dreams
Formula 16 days ago
Verstappen’s bid for fastest lap point leaves Perez surprised and confused
Formula 11 week ago
Hamilton splits with long-time trainer Angela Cullen
Formula 16 days ago
Fernando Alonso’s Controversial Penalty Overturned, Reinstating 100th Podium Finish
Formula 17 days ago
Alonso Stripped of 100th F1 Podium in Saudi Arabian GP
Formula 15 days ago
Perez and Verstappen battle for supremacy in the Saudi Arabian Grand Prix