In a significant development for F1, the Federation Internationale de l’Automobile (FIA) has announced that the recently formed partnership between Andretti-Cadillac is the sole successful bid among multiple teams seeking entry to the F1 grid. This selection brings the sport one step closer to its expansion plans.
Following a rigorous review process, the FIA has determined that the Andretti-Cadillac bid was the only candidate to meet the stringent criteria set by the governing body. Out of the four teams that submitted entries during the Expressions Of Interest phase, the Andretti-Cadillac bid stood out for its compliance with the FIA’s requirements.
The next step for the bid involves entering into commercial discussions with Formula One Management (FOM). The F1 grid expansion is poised to add a fresh dimension to the sport and open up new opportunities for teams and fans alike.
FIA President, Mohammed Ben Sulayem, expressed the organization’s commitment to selecting prospective entries that add value to the sport. He emphasized that the decision to advance the Andretti-Cadillac application aligns with EU directives on motor sport participation and development.
Reflecting on this milestone achievement, Andretti-Cadillac highlighted the pride they feel as a distinctly American team. They believe that their deep racing competencies, combined with the technological advancements derived from racing, will not only benefit their customers but also elevate global enthusiasm for F1. Furthermore, they expressed their eagerness to engage with all stakeholders in Formula One as they plan to join the grid in the near future.
This announcement takes place against the backdrop of Formula 1’s ongoing effort, spearheaded by Liberty Media, to expand into emerging markets, particularly the United States. Building on the success of popular initiatives like the Netflix series Drive to Survive and the addition of three races in the United States, including the upcoming Las Vegas Grand Prix, the sport has gained significant traction in this market.
The FIA’s inclination towards an “All-American” team resonates with the focus on growing the sport’s presence in the United States. The strong emphasis placed on an American manufacturer, an American team, and an American driver is poised to be the biggest story of the year, according to Michael Andretti during the press conference announcing the Andretti-Cadillac bid last January.
As the FIA proceeds with the decision to advance the Andretti-Cadillac bid, the Formula 1 community eagerly awaits the assessment of merits by Formula One Management (FOM). With an eye on capturing new fans and expanding into diverse markets, the addition of another team to the grid promises exciting times ahead for motorsport enthusiasts worldwide.
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