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FIA boss: Andretti should buy existing F1 team

Andretti Cadillac can purchase an current staff as a substitute of pushing for an eleventh entry that has been rejected by Method One’s house owners, the top of the game’s governing physique has advised Reuters.

FIA President Mohammed Ben Sulayem, who final yr known as for extra groups and fewer races, stated that he remained supportive of accelerating the quantity however that high quality was extra essential than amount.

– Unlapped: Find out how to hear or watch ESPN’s new F1 present, episode archive

“I’ve little question FOM [Formula One Management] and [commercial rights holders] Liberty [Media] would like to see different groups so long as they’re OEMs [car manufacturers],” Ben Sulayem stated on the Monaco Grand Prix.

“I’d advise them [Andretti Cadillac] to go and purchase one other staff, to not come because the eleventh staff.

“I really feel that some groups must be refreshed. What is best? To have 11 groups as a quantity or 10 and they’re sturdy? I nonetheless consider we should always have extra groups however not any groups. The correct groups.

“It is not concerning the quantity, it is concerning the high quality.”

Michael Andretti is eager for his staff to be permitted to hitch the Method One grid. Chris Graythen/Getty Photographs

U.S.-based Andretti International is led by 1991 CART champion Michael Andretti, son of 1978 F1 world champion and 1969 Indianapolis 500 winner Mario.

The FIA accredited the applying final yr however FOM rejected it whereas protecting the door open for 2028 when Basic Motors, who personal the Cadillac model, would possibly present an engine.

The chairman of the U.S. Home of Representatives Judiciary Committee this month launched an investigation.

“With out mentioning names, there are groups that are struggling… Combating efficiency, struggling even with administration,” Ben Sulayem stated.

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“It is about having the suitable staff, to not lose an opportunity or a possibility the place somebody like GM [General Motors] with a PU [power unit] is coming to Method One.

“Think about the influence. Now we have three races in America. Now we have such an enormous fan base. However we do not have a correct [U.S.] staff. I am so glad to have Ford in [with Red Bull from 2026] however think about having GM and picture having American drivers.”

U.S.-owned Haas, Renault-owned Alpine and Crimson Bull’s second staff RB have all been talked about within the media as potential takeover targets, however none are overtly on the market.

Williams are the one staff with a U.S. driver, however Logan Sargeant has discovered it tough to impress.

Method One has a $200 million entry fee, to be distributed among the many 10 groups, for newcomers however that might rise to $600m from 2026.

Which may make shopping for an current staff extra engaging, though valuations are already at greater than $1bn.

“Now we have to have a stability. Is $200 million too low? I consider $600 [million] is one thing the place it’s proper for the present market,” Ben Sulayem stated of the edge.

The FIA and F1, whose relations have been frayed, this month introduced a joint strategic plan that was interpreted as peace breaking out.

“Peace is at all times good, you may’t have on a regular basis pointless points,” Ben Sulayem stated. The FIA president additionally stated {that a} assembly with Liberty Media boss Greg Maffei had been constructive and talks on a brand new industrial “Concorde Settlement” had been going properly.

“We each perceive that we have to go ahead and the one strategy to go ahead is to have way more readability between us. We’re on the identical boat regardless and what we would like is sustainability of the enterprise,” he stated.

“We’re with FOM in terms of enterprise. We’re the companions and we’ve got to additionally neglect the small issues and discover a answer how can we tackle these points.”

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