Several teams submitted proposals through the FIA’s Expression of Interest process earlier this year, in the bid to create extra teams on top of the 10 already in F1
The FIA is set to reject all but one of the proposals submitted by those wanting to create a new Formula 1 team.
The sport’s governing body launched its Expressions of Interest process earlier this year, inviting prospective teams to submit their plans. For several months, now, the four parties who met the deadline have had their submissions picked apart with a fine toothcomb by the FIA.
Andretti Global is the most high-profile bidder as a successful motorsport team in several top categories. Plus, its case is strengthened by a team-up with carmaker General Motors through its Cadillac brand.
But Andretti was not the only company to submit a proposal. Two Formula 2 teams, Hitech Grand Prix and Rodin Carlin, threw their hats in the ring, while Asian start-up LKY SUNZ also made a bid.