this post was submitted on 02 Oct 2023
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Formula 1
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This is the formal acceptance by the FIA who actually own the brand. It's supposed to tell everybody that the FIA's due diligence has determined that Andretti has a workable business model and resources to join the show.
Liberty own the commercial rights to F1 and they don't actually have a vote, though you can bet that they are lobbying heavily. Commercially it's a no brainer.
Leaving the team owners. Though folks like Mercedes have voiced displeasure, it is also true that Andretti will see no money until the start of their third year. Andretti also is presenting a great package, so what happens if any other team wants entry who has less to offer?
My basic feeling is that it will happen. Welcome to the Piranha Club.