After months of analysis by the FIA over the expressions of interest, Formula 1’s governing body has finally announced the conclusion and outcome of the analysis, approving Andretti Global.
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Andretti Confirmed
The FIA announced a statement on Monday (2/10/2023) confirming that Andretti Global has been successful and will be the only applicant that will be put forward to the final stage of the selection process, which includes F1’s Commercial rights holders.
Still Some Hurdles to Clear
Although the FIA are satisfied with Andretti Global’s potential entry into Formula 1, the commercial arm of the sport has been resistant to adding an 11th team to the paddock. F1 CEO Stefano Domenicali has made it clear that any new team has to add value to the sport.
As we always said, we need to make sure that the decision is right for the business. And this is what I think is the duty of the FIA and us together, that has to be taken. So that is another decision that will be taken in the next couple of months.
F1 CEO, Stefano Domenicali on the prospect of an 11th team in Formula 1
The FIA was very clear in establishing stringent criteria for entry from the outset of the Expressions of Interest procedure. Our objective, after rigorous due diligence during the application phase, was to only approve prospective entries which satisfied the set criteria and illustrated that they would add value to the sport. The FIA is obliged to approve applications that comply with the Expressions of Interests application requirements and we have adhered to that procedure in deciding that Andretti Formula Racing LLC’s application would proceed to the next stage of the application process. In taking that decision, the FIA is acting in accordance with EU directives on motor sport participation and development. Andretti Formula Racing LLC was the only entity which fulfils the selection criteria that was set in all material respects. I congratulate Michael Andretti and his team on a thorough submission. I also want to thank all prospective teams for their interest and participation. The Expressions of Interest process builds on the positive acceptance of the FIA’s 2026 F1 Power Unit Regulations among existing OEMs which has also attracted further commitment from Audi, Honda and Ford and interest from Porsche and General Motors. I would like to thank all of the FIA team members involved in the Expressions of Interest process for their tireless efforts in ensuring a diligent assessment of all of the applications received.
FIA President Mohammed Ben Sulayem
Currently it looks unlikely that FOM will allow another team on the grid, which could lead to legal action being taken against Formula 1 Management, to add further complications, if FOM and the teams decide against Andretti, this could be in contravention of European Competition Laws.
Both the FIA and FOM will be hoping that this does not lead to a messy court room battle which in the long-run will not benefit anyone.