Andretti says F1 greed blocks entry of Cadillac

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Andretti says F1 greed blocks entry of Cadillac

Michael Andretti, the American former racer whose Andretti Global had recently formed a merger with GM to enter into the Formula 1 with a new team under the brand of Cadillac by 2026, said in a latest interview that the recent adverse reactions from F1 teams against entrance of a new team into the grid, has been all about money.

If truth is to be spoken, Formula 1 officials including the F1 chief Stefano Domenicali had proffered antagonistic reactions to entrance of a new Formula 1 team on Thursday, while Fia President Mohammed ben Sulyaem was quoted saying on Sunday that he was surprised by the adverse reactions from other Formula 1 teams against Andretti-Cadillac entrance.

Andretti says F1 greed blocks Cadillac entry

Meanwhile, speaking in an interview with the Forbes, Andretti had addressed that the adverse reactions against entrance of a new team, had been all about money.

Besides, Andretti added, “First, they think they are going to get diluted one-tenth of their prize money, but they also get very greedy thinking we will take all the American sponsors as well. It's all about greed and looking at themselves and not looking at what is best for the overall growth of the series”.

However, citing that the Mclaren Chief Executive Zak Brown has been a strong supporter to his bid, Andretti said, “Zak wants to do whatever he can to help us get there and so has Alpine as well. Zak Brown and Alpine are two very good allies.

Zak has been very supportive”. In factuality, FIA have no regulations to increase prizemoney for an additional team, suggesting that the annual prizemoney which is disbursed based on standings in constructors’ championship title, would be shared among eleven teams from 2026.