© Sebastian Kawka for Mercedes-Benz Grand Prix ltd.
Michael Andretti gives his response to Toto Wolff’s comments that Andretti Global’s entry into Formula 1 needs to “add value” to the series.
Michael Andretti’s company Andretti Global has submitted its team entry into Formula 1 for 2024, and announced its intention to pay the $200m entry fee.
When asked about this, Mercedes team boss Toto Wolff said a new team needs to “add value” to Formula 1 beyond the entry fee.
“Andretti is a name, for sure, and the American market is important,” the Austrian said.
“Every team that is joining needs to add value. It’s not only by paying a $200m entry fee, but it needs to demonstrate in my opinion what it can do for all the other teams and for Formula 1 and the FIA.
“Only then the sport will grow,” Wolff concluded.
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Michael Andretti responded to these comments by saying there’s a lot his team is brining top the table.
“Toto’s going out there, ‘What do you bring to the table?’” Andretti told Associated Press.
“I think we bring a lot, and I think we’ll bring a lot more than what we’ll be diluting. That’s our case.
“The American market is still untapped, but obviously with the Netflix series, that’s really brought a lot of popularity…
“I believe we can bring more longevity to the Netflix series to have a real American team with an American driver.
“I believe with our brand, I think it could keep a lot of interest going for a lot more years,” the American concluded.
