Pat Symonds has defended F1 and its incumbents’ reluctance to welcome Michael Andretti’s motorsport empire into the sport.
Andretti, who currently has major GM/Cadillac backing, has the backing of the governing FIA (Fédération Internationale de l’Automobile) for a 2025 or 2026 F1 team entry bid, but still wants Mercedes F1. facing opposition from top teams, including
But McLaren Racing chief executive Zak Brown welcomed Andretti.
“We are Walkinshaw’s supercar team partner and I think he made a very compelling proposition,” said Brown.
“We haven’t had a new team in a long time since Haas joined, and the Andretti name has such a history in different categories of motorsport.”
But Brown is hesitant to comment on rumors that existing F1 teams are asking Andretti for an entry fee well in excess of $200 million.
“I am not involved in the process itself, but I know he is working closely with the FIA and F1.”
Pat Symonds, who remains F1’s chief technology officer, said he understands the reluctance of existing teams.
“There’s nothing wrong with having more cars,” said Pat Simmons.
“But we don’t want to go back to the HRT era.”
“But it’s no surprise that people are eager to be here. Over the last five years, we have successfully turned a loss-making sport into a profitable one.”
“Of course, existing teams will always oppose the entry of new teams, because if the prize pool is divided into 12 instead of 10, less money will be earned.”