Former F1 driver Michael Andretti has set out to acquire an F1 team. The American legend already has teams in other motorsport categories. It is reported that he is in talks to acquire one of the prominent names in Formula 1. Andretti had ties to the Haas F1 team, but they didn’t lead to any result.
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Now he has turned his attention to Alfa Romeo and Williams, although a takeover of the former is more likely as Williams was taken over by US subsidiary Dorilton Capital last year and Alfa Romeo has an annual deal with Sauber Motorsport. That means Alfa Romeo can get out every year, which leaves Andretti Motorsports room to buy in.
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When the right opportunity arises, we’re all there: Andretti
As reported by Racer, Michael Andretti has stated that if the right opportunity arises in F1, he will certainly make an offer to acquire an F1 team.
“It would be great, but there is a long way to go if it should happen,” Andretti told RACER. “If the opportunity arises, we will do anything. But we’re not there yet, ”said Michael Andretti.
Michael Andretti Source: Sports USA
Interestingly, Michael Andretti’s father Mario drove for the Alfa Romeo in the 1981 season. For Michael, there is a romantic motivation behind the desire to take over the Swiss team.
The problem Andretti might face in starting a new F1 team is the Concorde deal. The agreement provides for a $ 200 million buy-in fee for all new entrants who want to start a new team. Hence, acquiring an existing team is much cheaper.
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I would be happy if the team scores more points: Alfa Romeo Team Principal
Alfa Romeo Racing has only scored 3 points this season. Despite having a faster racing car than its rival Williams, the Swiss team is 7 points behind the British team. But Alfa Romeo team boss Fred Vasseur has given the reason for the team’s disappointing start in 2021.
Formula 1 F1 – Spanish Grand Prix – Circuit de Barcelona-Catalunya, Barcelona, Spain – May 7th 2021, Alfa Romeo Racing Team Principal Frederic Vasseur speaks in the press conference of the FIA / Handout team principals about REUTERS ATTENTION EDITORS – THIS PICTURE WAS SUPPLIED FROM A THIRD PARTY. NO RESALE. NO ARCHIVES
“I would be happy if the team scores more points. We’ve put a lot of effort into the team, but the main reason we’re losing a bit of performance at the start of the season is because we’ve switched from January to 100 percent in 2022, ”said Vasseur.
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“When I see the updates from the other teams, even if they all say they switched to the 2022 car, they have updates every single weekend! But when we made the decision, I knew that if you switched 100 percent to the next year’s car, you wouldn’t develop the 2021 car. And that’s the case. ”Concluded the Alfa Romeo team boss.
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The Swiss team will try to recover and try to finish the 2021 season ahead of Williams.
Can Alfa Romeo finish 8th ahead of Williams? Let us know.
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