Update 1/31/2024: This article has been up to date with statements from Andretti Cadillac and Mario Andretti.

Formula 1 on Wednesday introduced it has rejected Andretti Global’s bid to enter the game. 

“On the basis of the application as it stands, we do not believe that the Applicant has shown that it would add value to the Championship,” the assertion reads. “We conclude that the Applicant’s application to participate in the Championship should not be successful.”

The information comes simply three months after Andretti’s workforce, Andretti Cadillac, had been given the inexperienced mild by the FIA to enter Formula 1 following a seven-month evaluation. 

“We were not able to identify any material expected positive effect on CRH (Commercial Rights Holder) financial results, as a key indicator of the pure commercial value of the Championship,” the assertion says.

The announcement comes after Formula One Management (FOM)’s personal evaluation of a proposed eleventh workforce on the grid. It found that not solely would Andretti have a unfavourable impact on financials, however that it could additionally put extra strain on promoters and different groups.

“The addition of an 11th team would place an operational burden on race promoters, would subject some of them to significant costs, and would reduce the technical, operational and commercial spaces of the other competitors,” the assertion reads.

Despite the dearth of approval from FOM, Andretti had been engaged on growth for a racing debut in 2025, going so far as to launch a photograph of a wind tunnel mannequin on Tuesday (proven above). 

In an announcement revealed by motorsports reporter Marshall Pruett to X (previously Twitter), Andretti Cadillac workforce says it “strongly disagrees” with the FOM’s selections, and that it’s going to proceed growth work on its automotive and energy unit.

Mario Andretti, F1 champion, Indy 500 winner, and father of Andretti Global CEO Michael Andretti, took to X to precise his disappointment with regard to FOM’s choice:

Formula 1’s assertion makes it clear there’s nonetheless hope for Andretti’s F1 bid, suggesting an entry for the 2028 season remains to be on the desk. 

“We would look differently on an application for the entry of a team into the 2028 Championship with a GM power unit, either as a GM works team or as a GM customer team designing all allowable components in-house,” the assertion reads.

Should Andretti’s entry have been accepted, the workforce would’ve had to purchase energy models from an current producer already on the grid for its first few years of competitors — one thing these producers weren’t essentially pleased with. Essentially, Formula 1 desires Andretti get its energy unit provide scenario sorted with General Motors first earlier than coming into the game.

“In this case there would be additional factors to consider in respect of the value that the Applicant would bring to the Championship, in particular in respect of bringing a prestigious new OEM to the sport as a power unit supplier.”