“We are the absolute pinnacle, this is the Champions League, or the NFL, and redistributing franchises on the go that’s not how it should be and it’s not the intention of Formula 1 and the FIA either. And it’s not only by paying a $200m entry fee but it needs to demonstrate, in my opinion, what it can do for all the other teams, F1 and the FIA.
“And the American market is important, but every team joining needs to be accretive – that means needs to add value. “Andretti’s a name, that’s for sure,” Wolff said. His Mercedes counterpart Toto Wolff agreed, stating the need for a potential team to prove it can be competitive immediately to protect the level of competition. And of course that agreement is there to protect the 10 incumbents and not to dilute that, so obviously that would need to be carefully looked at.” “I’m sure they’re engaged in that process. “And the Andretti name is certainly a powerful name in motorsport, and of course they’re not the only ones that are making noises about coming on, but there is a clear criteria through the Concorde Agreement that has to be met and approved. “I think it’s great that there’s the interest for people wanting to enter Formula 1,” Red Bull team principal Christian Horner said.
Alpine CEO Laurent Rossi said earlier this week that he’d welcome a new entry that could become a technical partner in future, a number of his counterparts from other teams are yet to be convinced. Mario Andretti recently made public Michael’s attempts to gain a new entry into F1, stating that the team is able to pay the $200 million anti-dilution fee if required and is lodging paperwork with the FIA. You will hear how the rearview mirror (2:29) and disc brakes (3:13) became integral parts of an automobile, Alejandro Agag's view on the role of electric motorsports in promoting sustainability (3:41), and you'll find out from motorsport racing icon, Mario Andretti, what were the greatest contributions made by motorsports to the automotive industry (7:37).The prospect of Michael Andretti trying to enter a Formula 1 team in 2024 has drawn mixed reactions from current F1 team principals. In this episode, Ed Bernardon shares five incredible examples of the impact motorsports has had on our world. The impact goes beyond technology, with motorsports significantly promoting sustainability and raising awareness about climate change through championships like Formula E and Extreme E.
Motorsports serve as a testing ground for pushing the boundaries of innovation, where technologies are refined under extreme conditions and then applied to everyday vehicles.
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