But when and how it will happen, that's up to him to divulge."Īt present, taking over a current team is the most cost-effective way of entering Formula 1.į1's latest Concorde Agreement, which was signed last year and expires in 2025, introduced a $200m fee for any new entrants. "He's been looking at that for two or three years now, at least, and the interest is there. "He's definitely working on it, no question," added Andretti. How sweet it would be if all of this comes to fruition."Īndretti would not give away specific details about when or how an entry might be formed but said his son, who competed in F1 as a driver with McLaren in 1993, has been looking into the possibility for several years. "Now he's looking at the pinnacle, which is Formula 1. Look at all the disciplines that he's involved in. "There's a lot of speculation, and whenever there's smoke, there's fire somewhere," said the 1978 World Champion, when asked if there was any more information he could share. Speaking in an exclusive interview with, Mario Andretti described his son as "very ambitious" and is hopeful that he will ultimately succeed in his efforts to reach Formula 1 as a team owner. ![]() ![]() But we're not there yet," Andretti, who currently fields teams in Ind圜ar, Indy Lights, Formula E, Extreme E, Australian Supercars and IMSA, told RACER at the time. "If the right opportunity comes up, we'll be all over it. Last month, reports emerged that Andretti Autosport team owner Michael Andretti was looking into the possibility of acquiring an F1 team, with fellow American-led operation Haas being heavily linked to any potential takeover. Mario Andretti has said it would "feel sweet" if his son Michael manages to find a way onto the Formula 1 grid in the future, explaining that "the interest is there" amid reports of efforts being ramped up to enter a team.
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