US Congress raises concerns over F1’s rejection of Andretti bid ...Middle East

A significant development has emerged in the ongoing saga surrounding Andretti Global's bid to enter Formula 1. Twelve members of the US Congress have sent a letter to Liberty Media, F1's commercial rights holder, expressing strong concerns about the rejection of the American team's application. In January 2023, Andretti Global, partnered with automotive giant General Motors, submitted an official bid to join the F1 grid as early as the 2024 season. While the FIA, F1's regulatory body, approved their technical capabilities last October, their application was ultimately rejected by Formula One Management (FOM) earlier this year. FOM cited the lack of value for Formula 1 that an eleventh team

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US Congress raises concerns over F1’s rejection of Andretti bid ...Middle East

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