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Why Andretti is not waiting for a green light to build its F1 team
(theathletic.com)
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this post was submitted on 29 Jan 2024
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What are the chances one of the existing teams folds in the next year or two?
Never say never, but there's virtually no chance of that happening.
I mean, who are the likely suspects? All the teams now have large corporate backing. Haas and Alpine are the only two even remotely close to being in the realm of possibility (IMO). And I very much doubt either would leave at this point.
I could see Gene Haas pulling out of F1.
At some point, maybe. But not in the next year. If he were going to sell, I think he would have done it by now.
He was essentially singlehandedly bankrolling the whole team until Moneygram showed up. If he didn't sell when he was the sole sponsor, why would he now that he's just started sharing the cost? Apparently he even passed up an Andretti offer at the time.
I guess we'll see how the team does without Steiner.
Racing Bulls could be forced to exit, apparently. I'm not sure why now, but there's been a lot of controversy surrounding Red Bull's ownership of a second team.