Information has appeared in the European racing press that the FIA plans to give the green light to the Andretti Global project to create a new Formula 1 team, and the other three companies that submitted applications will be refused . This hasn’t been officially confirmed yet, but it seems likely to be true.
The rest are the British teams Hitech and Rodin Carlin with a very good reputation, which has developed over the years of participation in youth formulas, as well as a little-known startup Lkysunz.
Mohammed bin Sulayem, the chairman of the federation, has repeatedly spoken out publicly in support of Michael Andretti and his partners from Cadillac, the premium division of General Motors Corporation, making it clear that their project is very much worth implementing, and that the emergence of a new American team will benefit the World Cup.
But even if Andretti Global’s application is accepted by the FIA , the final word will in any case remain with Formula 1. Stefano Domenicali often mentioned this topic in his comments that he does not see the need to increase the number of participants in the championship to increase. Most team managers agree with the Formula 1 president, as this will only create the need to divide the prize money into eleven parts instead of ten.
But it is for this purpose that a compensation contribution of 200 million dollars is provided, which the future team must pay to be admitted to the elite Formula 1 club.
Apparently this topic will undergo some development in the near future. According to rumors, applicants whose applications have been rejected have already received notice of this, and Andretti Global, on the other hand, knows that they have gone to the next level, where they will have to overcome another, apparently more serious “filter”.
Source: F1 News

I am Christopher Clyde, an experienced journalist and content writer with a passion for sports. I have been writing about Formula 1 news for the past five years and am currently employed as an author at athletistic.com, one of the top sports websites in the US.