Formula One has rejected the bid by the US-based Andretti team to enter the sport before 2026. It issued an emphatic dismissal of the bid but has left the option open for another application in 2028.
The team, run by the former F1 driver Michael Andretti alongside his father, Mario, the 1978 F1 world champion, had been approved by the sport’s governing body, the FIA, but was turned down by the commercial rights holder on the grounds that it believed the team would not be competitive or add value to the championship.
