F1 News: Stefano Domenicali Provides Update On Andretti Cadillac Bid - "Need To Do The Right Job"

F1 CEO Stefano Domenicali has commented on the ongoing bid from Andretti Cadillac to join the Formula 1 grid.

Following the recent confirmation that Andretti Global's bid to become the 11th team in Formula 1 has been approved by the FIA, F1 CEO Stefano Domenicali offered cautious remarks in an interview with Sky Sports F1.

Key Takeaways:

• The FIA has officially approved Andretti Global's bid, marking a significant step towards expanding the F1 grid to 11 teams. This move, however, has raised concerns among some teams about the potential dilution of revenue.
• Following the FIA's approval, the matter will now be evaluated by Formula One Management (FOM) to assess the commercial viability of Andretti's entry into the sport.
• FIA president Mohammed Ben Sulayem highlighted the stringent criteria set for entry, noting that Andretti Formula Racing LLC was the only entity that fulfilled all the necessary criteria.

Stefano Domenicali recently provided an update on the situation whilst speaking with Sky Sports F1. He commented:

“I would say nothing too high on that. There is a process on the commercial side on that respect and when we are ready, we will give the answer.

"We don’t feel any pressure on that. We need to do the right job, that’s our duty.”

His remarks reflect a measured approach, emphasising the importance of due process and the need to make decisions that are in the best interest of the sport. This stance is particularly relevant in the context of the ongoing discussions about the implications of expanding the grid.

The FIA, under the leadership of Mohammed Ben Sulayem, has expressed a clear commitment to adding value to the sport, ensuring that any new entrant meets the high standards set. Sulayem has consistently backed the bid from Andretti Cadillac arguing that having an entity like General Motors can only benefit the sport.