Photo: Racer magazine
What appeared to be an agreement for Michael Andretti to buy 80% interest in Formula 1’s Sauber entry, currently running as Alfa Romeo, has stooped short of completion. Andretti had agreed to pay 350 million Euros to purchase controlling interest in the team, but the team’s owner, Finn Raussing, wanted another 250 million up front to cover five years as a guarantee n case sponsorship was lacking.
If Michael Andretti still wants to enter Formula 1, he could pursue another team, although I can’t think of a current tem that is availale for the price he was willing to pay Alfa Romeo; or he could start a new team, which is cost prohibitive. in addition to team startup costs, there is 200 million Euro entry fee. The fee is distributed equally among the existing teams.
The end of the Andretti F1 saga for now puts to rest the speculation about Colton Herta going to F1. He would not have been eligible until 2023 at the earliest, but some people had him as good as gone from Indycar at the completion of the deal. It is good news for Indycar as Herta is the early favorite to become the 2022 Indycar champion.
In other F1 news, the Grand Prix of Miami apparently has sold out of available tickets. Some fans, like me, were notified that heir pre sale spots were no longer available. The organizers plan to cap attendance at 80,000 a day. Given all the fan issues at Austin, which has experience hosting F1 events, 80,000 seems ambitious, especially in the more compact venue space in Miami. I have heard three day tickets range from $600-$2,400. I’d rather spend that kind of money on tickets to Hamilton. Besides, Florida in May? No thanks.