In the last few years, Formula 1 has grown in popularity in America. With Haas as the American team and COTA as the organizer of the American Grand Prix, there is enough for the American fans to look forward to. In a few years, a second American team could make it into the top of motorsport.
Former Formula 1 driver Michael Andretti is researching the possibilities of buying a Formula 1 team, reports RACER. Andretti tells the medium that much remains to be done in order to take concrete steps. “It would be great, but there is still a long way to go before it actually happens. If the opportunity presents itself, we will really do it. We are not there yet.”
Creation of a new team excluded
According to RACER, there have been talks with more than one team, including Gene Haas, owner of the Haas F1 Team. Those conversations were never really in-depth, so there are two teams in addition to Haas where Andretti is likely to have a chance, Alfa Romeo and Williams. Both teams were bought by investment companies and could be of interest to the American.
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Setting up a completely new team does not seem to be Andretti’s plan, also because the new agreement between the teams, the Concorde Agreement, provides that each new team has to pay a buy-in fee of $ 200 million to the existing teams, whereby this amount is divided between them.
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