Formula 1 team bosses have said Michael Andretti should only be allowed to join the series as a new entrant if he can show it would add value to the championship.
Last week the former F1 and IndyCar driver’s father, 1978 world champion Mario Andretti, revealed his son had approached the FIA to enter a new, 11th team in the 2024 season.
The development drew a cautious response from several team bosses in an FIA press conference during testing at the Circuit de Catalunya today.
Under the Concorde Agreement, the commercial terms under which F1 is organised, new entrants must pay a $200 million anti-dilution fee. However Mercedes team principal Toto Wolff says Andretti must prove he can do more than simply afford to enter.
“Andretti is a name that for sure in the American market is important,” he said. “But every team that is joining needs to be accretive, that means needs to add value.
“It’s not only by paying a 200 million dollar entry fee, it needs to demonstrate, in my…