"It’s all about greed and looking at themselves and not looking at what is best for the overall growth of the series."ĪLSO READ: FIA boss surprised by 'adverse reaction' to Andretti F1 planĪn all-American team backed by automotive giant General Motors with an American driver would seem an attractive opportunity for Formula One, which has been making a push into the US market, where three races (Miami, Austin and Las Vegas) will be run this season.īut a major road block is the dilution of the teams' share of the revenues and a feeling that the current $200 million entry fee, which would be shared among the existing 10 teams as compensation, now looks too cheap. "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. "It’s all about money," Andretti told Forbes. It’s all about greed and looking at themselves and not looking at what is best for the overall growth of the series.Īndretti, who has been doggedly pursuing an F1 team for several years, hit back on Tuesday in an interview with Forbes, putting the lukewarm reception down to greed. 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. Michael Andretti labeled Formula One team owners "greedy" on Tuesday and said putting their self interest ahead of the sport was the reason for the tepid reaction to his bid to bring an all-American team to the series.įormula One owners have expressed indifference to the announcement last week that Andretti Global and General Motors brand Cadillac were joining forces in a bid to become the sport's 11th team. Thus, all signs point to 1978 as the season the class is representing, the only exception being the Brabham BT49, which was introduced in late 1979.Mercedes driver George Russell of Britain (front) steers his car during the Brazilian Formula One Grand Prix at the Interlagos race track in Sao Paulo, Brazil, Nov 13, 2022. A championship winner in the hands of Mario Andretti in 1978, the car sees competition with the Brabham BT46B – the legendary Fan Car, which won the only Grand Prix it was ever raced in – the 1978 Swedish Grand Prix. The Lotus 79 was used in both 19 and is famous for kicking off the Ground Effect era.
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