Andretti keeping an eye on potential F1 entry

40

Michael Andretti is keeping a watchful eye on Formula 1's latest commercial and regulation developments, as the owner of Andretti Autosport.

The 55-year-old former driver and son of F1 legend Mario Andretti is at the helm of his own motorsport structure which races not only in Indycar but also in Formula E, rallycross and V8 Supercar.

Andretti Autosport joined forces with McLaren last may to run Fernando Alonso in the Indy 500.

McLaren 'has made Alonso into a racing monster'!

With the sport undergoing big transformations, and the prospect of a budget cap destined to lower costs coming into effect sometime in the future, Andretti isn't discarding a return of the family name to F1, as a team owner.

"Obviously it comes down to having a backer, as I can't afford to do it myself," Andretti told DW Motorsport.

Andretti, who had an unsuccessful run in F1 with McLaren in 1993, says he come close to putting a team together in the past.

"There's been a few deals that started to go somewhere and then they didn't," he said.

"We're always keeping our eyes open."

Gallery: The beautiful wives and girlfriends of F1 drivers

Keep up to date with all the F1 news via Facebook and Twitter

Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.