He is awaiting the FIA’s determination.”Īpril 2022 – Two months go by with still no answer, Michael Andretti says he is pressing on despite the lack of response from the FIA. “His entry, Andretti Global, has the resources and checks every box. “Michael has applied to the FIA to field a new F1 team starting in 2024,” Mario said. October 2021 – The Andretti Group attempts to buy Sauber but the deal collapses late on over disagreements as to who would have control of the team.įebruary 2022 – Mario Andretti tweets that his son Michael has made a proposal to the FIA.

We haven’t gotten the ‘OK’ yet, but we’re getting really close.” A timeline of Andretti’s F1 venture

“No, they’re not interested,” he confirmed. “That would sure be a nice Christmas present.”Īndretti also ruled out any chance of purchasing the AlphaTauri team with rumours circulating that Red Bull may be willing to sell after founder Dietrich Mateschitz’s death. “We’re hoping in the next couple weeks,” the 60-year-old said. Speaking to the The Indianapolis Star, which is based in the same city as Andretti’s motorsport ventures, Andretti said they were hoping for a “nice Christmas present” in the coming weeks. Michael Andretti, who was seen talking to Formula 1 executives at the inaugural Miami Grand Prix in May, seems to have made little progress in persuading the unenthusiastic opponents to the family’s bid, but he has now revealed a final decision may soon be close. The main sticking point has been the current teams’ refusal to share a slice of the pie and add an 11th constructor without a belief they would recoup their losses with an increase in the income brought into the sport. However, they may have accepted their route into the sport to be a little easier as 10 months on from the initial announcement, minimal progress has been made. Rumoured for many years, the Andretti bid came to life in February when Mario confirmed his son Michael had submitted an official proposal to FIA. The Andretti family are hoping they will get a “nice Christmas present” of official confirmation of their entry to Formula 1.

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