Method One’s governing physique, the FIA, on Monday backed a bid by American Michael Andretti, son of 1978 world champion Mario, to enter a brand new eleventh crew topic to approval by the business rights holders.
The Worldwide Vehicle Federation (FIA) mentioned in a press release that Andretti Method Racing LLC ought to progress to the following stage of the appliance course of and business discussions with Method One Administration.
Liberty Media-owned Method One mentioned individually it could perform its personal evaluation.
The FIA began a proper utility course of in February, looking for to establish a number of new groups taken with becoming a member of in 2025, 2026 or 2027.
“The FIA is obliged to approve purposes that adjust to the Expressions of Pursuits utility necessities and we now have adhered to that process in deciding that Andretti Method Racing LLC’s utility would proceed to the following stage of the appliance course of,” mentioned FIA president Mohammed Ben Sulayem.
“In taking that call, the FIA is performing in accordance with EU directives on motor sport participation and growth,” he added.
“Andretti Method Racing LLC was the one entity which fulfils the choice standards that was set in all materials respects. I congratulate Michael Andretti and his crew on an intensive submission.”
Andretti’s Andretti International and Normal Motors introduced in January that they deliberate to compete utilizing the Cadillac model and using not less than one U.S. driver.
Renault-owned Alpine have mentioned they are going to provide the engines if the Andretti Cadillac crew wins approval from the FIA and business rights holder.
Different Method One groups have been lukewarm in direction of increasing the grid, cautious of diluting the general pot of revenues.
Some additionally really feel the present $200-million entry price, which might be shared among the many current 10 groups as compensation, is just not sufficient.