• Loading stock data...
Monday, September 15, 2025
Tuned In is Almost Sold Out! Limited Tickets Remain!

Andretti, Execs Battle Over F1 Entry

  • Michael Andretti called out F1 team executives opposing his bid for their greed.
  • One suggested the entry fee for F1 should be $700 million.
Michael-Andretti-Formula-1
Andretti Autosport

Any new team entering Formula 1 will have to pay a $200 million ticket — but some existing teams think that’s too cheap.

Andretti Global is preparing a bid with Cadillac, and executives at other teams are reportedly questioning whether they would be a net positive for F1.

  • An F1 executive suggested a fee of $600 million to $700 million would be more appropriate than the existing one of $200 million. 
  • The fee is to offset revenue and prize-money dilution for the other teams, but the executive suggested that it would only amount to two years of covered costs.
  • Some have pointed to the Seattle Kraken’s $650 million NHL expansion fee as an appropriate benchmark.

Andretti CEO Michael Andretti hit back at the F1 teams opposing his bid, saying, “It’s all about money.” 

“First, they think they are going to get diluted one-tenth of their prize money, but they also get very greedy, thinking we will take all the American sponsors as well.”

While Cadillac would be involved with the construction of an Andretti F1 car, another automaker, perhaps Alpine — which has supported Andretti’s bid — could supply the team’s power units. 

The American-owned Haas team has sought to lean into its national identity by selecting MoneyGram as its title sponsor, starting this year.

Formula-1-Las-Vegas

Formula 1 Aiming for $500M Haul from Vegas GP

Formula 1 earned $1.8 billion in the first nine months of 2022.
January 9, 2023

NASCAR Too

Andretti’s ambitions don’t end with Formula 1. The CEO said he is looking into entering the NASCAR Cup Series once the bid for Formula 1 is settled. 

Andretti has teams in IndyCar, Formula E, and Extreme E, among others.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Nov 9, 2024; Avondale, Arizona, USA; 23XI Racing team owner Michael Jordan during qualifying for the Cup Series championship race at Phoenix Raceway.

Jordan Can’t Bar Charter Sales Because NASCAR Agreed Not to Sell Charters

The contentious antitrust suit is slated to go to trial this December.

F1’s McLaren Valued at More Than $5B After Recent Stake Sale

MSP Capital purchased its stake in McLaren in 2020.
Michael Jordan

Texts From Michael Jordan, NASCAR Bosses Aired Out in Court: ‘I Have..

Jordan said he plans on “going down with fire” against NASCAR.
Kyle Busch talks with Nexstar Media Group, Wednesday February 14, 2024 during Daytona 500 Media Day at Daytona International Speedway

$6.2B Nexstar-Tegna Deal Could Create Local Sports Juggernaut

CW parent company Nexstar looks to acquire its rival in a major deal.

Featured Today

PHILADELPHIA, PENNSYLVANIA - APRIL 19: A detailed view of the MLB Debut patch on the jersey of Patrick Monteverde #44 of the Miami Marlins prior to game against the Philadelphia Phillies at Citizens Bank Park on April 19, 2025 in Philadelphia, Pennsylvania.

The Tiny Jersey Patch at the Center of the MLB Rookie Card..

Autographed cards containing a piece of baseball history have upended the market.
September 11, 2025

Eagles-Chiefs Super Bowl Rematch Could Set More NFL Ratings Records

Fox will nationally televise Sunday afternoon’s matchup.
September 10, 2025

ESPN’s ‘MNF’ Ratings Up 8% As NFL Surges to Strong Start

ESPN posts its second-best Week 1 “Monday Night Football” audience.
Sep 7, 2025; Orchard Park, New York, USA; Buffalo Bills fans react during the fourth quarter against the Baltimore Ravens at Highmark Stadium.
September 9, 2025

As Bills Ascend, Their Next Frontier Lies in Canada

Buffalo and the powerful Canadian entity MLSE come together in a new pact.
Sep 8, 2025; Philadelphia, Pennsylvania, USA; New York Mets outfielder Juan Soto (22) runs to first base during the first inning against the Philadelphia Phillies at Citizens Bank Park.

The $339 Million Mets Are in Jeopardy of Missing the Playoffs

The Mets’ wild-card lead is 1.5 games with 15 remaining in the regular season.
Mar 3, 2025; Miami, Florida, USA; Miami Heat guard Terry Rozier (2) warms up prior to the game against the Washington Wizards at Kaseya Center.
Sponsored

Hornets Cancel Sports Betting Night Vs. Heat Over Terry Rozier Tie-In

Terry Rozier is under federal investigation for point-shaving in a 2023 game when he was on the Hornets.
Sep 10, 2025; Uncasville, Connecticut, USA; Connecticut Sun forward Aaliyah Edwards (8) fights to keep the ball in-bounds during the second half against the Atlanta Dream at Mohegan Sun Arena.
September 12, 2025

Connecticut AG Demands Documents From WNBA About Sun Sale Process

The WNBA reportedly prefers to move the team to Houston.
Sponsored

How World Series Champ Dexter Fowler Became a Premier League Team Owner

Dexter Fowler discusses navigating retirement and embracing new roles as an owner & investor.
May 3, 2025; Denver, Colorado, USA; LA Clippers forward Kawhi Leonard (2) controls the ball in the first quarter against the Denver Nuggets during game seven of first round for the 2025 NBA Playoffs at Ball Arena.
September 11, 2025

Clippers Minority Owner Allegedly Invested in Aspiration to Pay Kawhi

Minority investor Dennis Wong allegedly invested in Aspiration as well.
Sep 10, 2025; Bronx, New York, USA; A general view of the main scoreboard at Yankee Stadium during a moment of silence for Charlie Kirk before the game between the New York Yankees and the Detroit Tigers.
September 11, 2025

Yankees Prepare for Security Chaos With Trump at 9/11 Game, Days After..

The team told fans to arrive three hours early without any bags.
September 9, 2025

Clippers, Kawhi Leonard Draw New Scrutiny As More Details Emerge

The NBA has commenced an investigation.
September 8, 2025

Bears, Without State Funding, Officially Pivot Stadium to Suburbs

The NFL team formally abandons its plans for a downtown stadium.