F1 News, Reports and Race Results

Brown hopes Andretti F1 prospects 'are not dead'

Zak Brown hopes that Andretti Global will enter F1 in the future, but the McLaren Racing boss admits that the US outfit's plan is "meeting a lot of resistance".

Renowned team owner Michael Andretti stated last month in Miami that his company's F1 endeavor is moving forward despite it still waiting on the FIA to green light its entry process and despite the lukewarm reaction to the American team's plans from several teams on the grid.

However, Brown - who partners with Andretti in the Walkinshaw Andretti United Australian Supercar team - has expressed their support for the US outfit's efforts to join the elite.

"I hope it’s not dead; I don’t think it’s dead," Brown told Sports Business Journal. "But it certainly seems like it’s meeting a lot of resistance."

Formula 1 CEO Stefano Domenicali went on record last month in Monaco to say that protecting the sport's current strong financial health was its top priority, and that F1 does not need any new entrants.

The Italian's words equated to a clear rejection of Andretti's plans, but it is the FIA that will have the last word when it decides, or not, to process the US team's entry demand.

F1's steady growth has logically boosted the value of its ten franchises, an increase that has led to discussions on whether the sport's anti-dilution fee of $200 million that any new team must fork out should be increased.

But Brown insists its not up to the teams to set the level of F1's financial barrier to entry.

"I wouldn’t want to comment on what I think the right number is," he said.

"But what I would say is the value of an F1 franchise from when the Concorde Agreement was signed [in 2020] to now — it’s grown rapidly.

"Ultimately, it’s up to F1 to decide what the right number to buy in is, but whatever an F1 team was worth three years ago, it’s significantly more today."

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

Martin Businaro

Recent Posts

Hamilton ‘grateful’ for Monaco podium but ‘I need to work harder’

Lewis Hamilton secured second place in one of the season’s most demanding races on Sunday…

57 minutes ago

Brembo 'astonished’ by Leclerc’s Monaco brake failure claims

Charles Leclerc’s fiery post-race verdict on Ferrari’s braking woes in the Monaco Grand Prix has…

2 hours ago

The story behind Monaco’s flurry of pitlane speeding penalties

Sunday’s Monaco Grand Prix left several teams and drivers scratching their heads after a remarkable…

3 hours ago

Team Talk - Sunday in Monaco

Cadillac  Sergio Perez, P15 “An amazing thing for the team. It was such a very…

4 hours ago

Alpine launches Right of Review after Gasly loses Monaco podium

Alpine has launched a formal challenge against the FIA following the Monaco Grand Prix, seeking…

14 hours ago

Post-race penalty strips Cadillac of first F1 championship point!

Cadillac and Sergio Perez were left heartbroken after the Monaco Grand Prix when a post-race…

15 hours ago