Thursday, April 23, 2026

Andretti Clears Key Hurdle To Launch Formula 1 Team

  • Michael Andretti’s bid to launch an F1 team will move to the final phase of the approval process.
  • F1 owner Liberty Media will make the final decision amid pushback from teams.
Michael Andretti
Joe Skibinski / IndyCar

Formula 1 is one step closer to adding an 11th team to the grid.

The FIA has approved a bid led by American Michael Andretti, commencing the second phase of the expansion process, which will see the group engage in commercial discussions with Formula One Management.

F1 owner Liberty Media will make the final decision on the potential expansion, which will cost at least $200 million and could reach $600 million. The current 10 teams on the F1 grid have publicly opposed the idea of adding new teams but won’t get an official vote on the matter.

The last time F1 had more than 20 cars on the grid was 2016, when 11 teams fielded a total of 22. The maximum allowed under FIA guidelines would be 26. 

An Andretti team wouldn’t launch until 2025 at the earliest.

F1’s Stock Still Rising

With F1’s recent explosion of popularity in the U.S. thanks to Netflix’s “Drive to Survive” docuseries, expanding the grid has been a hot topic as more motorsports stakeholders want in on the action.

In November, F1 is adding its third U.S. race in Las Vegas following the successful debut of the Miami Grand Prix last year. Austin, Texas, has hosted a grand prix since 2012.

Silicon Valley tech giant Apple is also reportedly interested in acquiring F1 media rights — and potentially willing to pay up to $2 billion annually.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Verstappen’s F1 Future in Doubt, Says Slow Start Isn’t the Reason

Verstappen is 28, but is already in his 12th year in F1.

Max Verstappen Ejects Reporter From Press Conference: ‘Get Out’

Verstappen sits at No. 8 in the drivers’ championship.
[US, Mexico & Canada customers only] April 13, 2025; Sakhir, BAHRAIN; Oscar Piastri leads George Russell into the first corner at the start of the race during the F1 Bahrain Grand Prix at the Bahrain International Circuit.

F1’s Upcoming Saudi, Bahrain Races Would Be Cancelled, Not Moved

The sport is evaluating its options for Middle East events next month.
Jamie Little interviews Michael Jordan

How Fox’s Jamie Little Became the Michael Jordan Whisperer

The Fox Sports pit reporter has become Michael Jordan’s go-to NASCAR interviewer.

Featured Today

INDIANAPOLIS, INDIANA - MARCH 25: Caitlin Clark of the Indiana Fever sits on the baseline and makes photographs during the Indiana Pacers game against the Los Angeles Lakers at Gainbridge Fieldhouse on March 25, 2026 in Indianapolis, Indiana.

Why Athletes Are Moonlighting As Sports Photographers

Athletes are swapping courtside seats for sideline cameras.
Quinnipiac women's varsity rugby
April 21, 2026

The Death of Quinnipiac Women’s Varsity Rugby

The sudden decision at Ilona Maher’s alma mater left players blindsided.
April 17, 2026

The Lawyer Steering the NIL Era

In the new era of college sports, Darren Heitner is everywhere.
blake griffin
April 14, 2026

Inside Blake Griffin’s Rookie Season at Prime Video

The six-time All-Star was initially hesitant to enter the media space.

NFL Pushes Back As FCC Scrutiny of Media Strategy Grows

The league begins to answer the growing questions coming from Washington.
April 22, 2026

Fever GM: Team Must Think ‘Long Term’ With Clark Payday Incoming

Sophie Cunningham’s comments about her contract raised eyebrows this week.
April 22, 2026

Six NFL Teams Have Multiple First-Round Picks—and Big Questions

Six franchises face big questions on and off the field.
Sponsored

Why Brandon Marshall Bet on Athlete-Owned Media

Brandon Marshall on athlete media, life after football, building I AM ATHLETE.
April 22, 2026

NFL Draft’s Recent No. 1 QB Success Raises Stakes for Raiders

A quarterback is expected to lead the draft for the fourth straight year.
Nelly Korda takes part in the first round of the 2025 CME Group Tour Championships at Tiburon Golf Club at the Ritz Carlton Golf Resort in Naples on Thursday, Nov. 20, 2025.
April 21, 2026

LPGA Season Kicks Off With First Major—and a $60K Plunge Pool

The Chevron Championship tees off Thursday in Houston.
April 21, 2026

NBA Coaching Carousel Could Shake Up College Basketball

Dusty May and Todd Golden could get NBA coaching looks.
April 21, 2026

NWSL Will Add Its 18th Team in Columbus

The league wanted to award another expansion team for 2028 this year.