NBC released a statement from Republican Jim Jordan addressed to F1 CEO Stefano Domenicali and Liberty Media president and CEO Greg Maffei, discussing potential “unfair competition.”
Formula One, which is owned by Liberty Media, rejected the bid earlier this year, expressing doubts about its competitiveness and value. However, they left open the possibility for reconsideration in 2028 if General Motors, their partner, could provide an engine.
Andretti Global, led by Michael Andretti, the 1991 CART champion and son of 1978 F1 world champion Mario Andretti, was the applicant in question.
In October 2023, the FIA governing body approved Andretti Global’s application, but Formula One Management, the commercial rights holder, rejected it, causing a rift between the two entities.
Jordan’s letter criticized the reasons given for denying Andretti Cadillac’s entry into Formula One, deeming them arbitrary and unrelated to their suitability as a competitor. He argued that delaying their entry would harm American consumers and only benefit struggling Formula 1 teams.
Jordan also urged the committee to hold a staff-level briefing to discuss the decision to deny Andretti Cadillac’s application and requested that it take place before May 21, coinciding with the Monaco Grand Prix. Formula One has not yet responded to Reuters’ request for comment.
During the Miami Grand Prix, Mario Andretti, 84, spoke to GRANDPRIX247 reporter Nasir Hameed, stating that preparations to enter Formula 1 were progressing: “We need to reach a conclusion. We have demonstrated our commitment and readiness for 2026. Our objectives are clear, and we understand the requirements to comply. We were informed at a meeting that the January statement was not final. We just need to have a conversation and address any missing information.”
Andretti Global recently established a new facility at Silverstone, the host of the British Grand Prix, to accommodate their design department and race team.
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