![]() ![]() ![]() He says he has the $200 million buy-in ready to go, but F1 royalty hasn’t decided whether to let Andretti start an 11 th team, and it could be months before they decide. It’s no secret that Michael Andretti, a former Ind圜ar and Formula 1 driver and current Ind圜ar team owner, wants to add an F1 team to his substantial holdings, be it through buying an existing team-though it seems there isn’t a suitable one available-or starting a new team, possibly with Ind圜ar’s Colton Herta as a driver.Īndretti and his father Mario, a former F1 champion and a grand marshal for Sunday’s Formula 1 Grand Prix of Miami, are here in town trying to drum up support for Michael’s effort. Andretti has already secured $200 million in funding, but according to existing owners, that may not be enough.Right now, the only American team is Haas.There are 10 teams currently on the F1 grid. ![]()
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