Andretti recently announced that it is in talks with the FIA about fielding an entry for 2024, having failed in its attempt to buy Sauber/Alfa Romeo last year.
Under the latest Concorde Agreement, any new team has to pay a $200m entry fee, designed as an “anti-dilution” measure to compensate the existing teams for their potential loss of income.
While Wolff acknowledged the potential value of the Andretti name to the sport, he stressed that the new outfit would also have to meet all the necessary criteria mandated by the FIA and the F1 organisation, financial and otherwise.
“Andretti is a name, that’s for sure,” said Wolff. “And the American market is important. But every team that is joining needs to be accretive, that means needs to add value.
“And it’s not only it’s not only by paying $200 million entry fee, but it needs to demonstrate in my opinion what it can do for the other teams, for F1 and FIA. Only then the sport will grow.
“We are the absolute pinnacle, this is the…
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