Head Topics

Potential Andretti entry needs to add value to F1, say team bosses

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 59%

South Africa Headlines News

Formula One bosses on Wednesday said they would welcome an Andretti-owned entry joining the grid as its eleventh team, but only if it added value to the sport

Former world champion Mario Andretti last week announced that his son Michael had made an application to the governing FIA to put a third American-owned team, Andretti Global, on the grid by 2024, joining Haas and US-owned British outfit Williams.

“I think it’s great that there’s the interest from people wanting to enter Formula One and the Andretti name is certainly a powerful name in motorsport,” said Red Bull team boss Christian Horner at a news conference. “But there is a clear criteria through the Concorde Agreement that has to be met and approved.”

“We are the absolute pinnacle, this is the Champions League or the NFL and redistributing franchises on the go that’s not how it should be and it’s not the intention of Formula One and the FIA either,” said Mercedes team boss Toto Wolff. “But if there is a brand coming in with good people, necessary funding, not only the $200m, but probably you need more like a billion if you want to play in this club straight from the get go, then why not?” added the Austrian.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 28. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Munster boss Van Graan: 'SA teams will still have big say in URC'The European teams still have to tour South Africa and play at venues like Loftus and Ellis Park.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

“Shape up or ship out” - government announces zero funding for SOEs - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Finance Minister Enoch Godongwana says the future of state-owned enterprises will be determined by the value they create; and whether they can function effectively without government bailouts. Budget2022 BudgetSpeech2022
Source: SABCNews - 🏆 37. / 51 Read more »

‘We’re making headway: 202 suspects arrested since CIT task team formed’, says top copViolent criminals and illegal firearms are being taken off the streets by a dedicated team working to combat cash-in-transit heists, says police commissioner Gen Khehla Sitole.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

DIRCO: SA concerned about ‘ongoing tensions’ between Russia and UkraineDIRCO: SA concerned about ‘ongoing tensions’ between Russia and Ukraine DIRCO finally commented on the situation at the Russia and Ukraine border, saying ‘the world does not need another war as that will result in death and destruction.’
Source: TheSAnews - 🏆 25. / 59 Read more »

More success, less stress: Five tips for making insurance claimsSPONSORED | For a quick and painless insurance claims process follow these expert tips from MetropolitanZA. WeStart2022Stronger
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Christians in politics? Maimane says immigration crisis sparks need for values-based governanceMaimane said Christians needed to do more than pray for an easing of the social ills facing the country and their communities.
Source: TimesLIVE - 🏆 28. / 59 Read more »