Andretti closing in on deal to take over Alfa Romeo F1

American racing operation Andretti Autosport is closing in on a deal to take a majority stake in the Alfa Romeo Formula 1 team, multiple sources have indicated.

Following weeks of speculation about the US organisation looking at F1 opportunities, insiders with good knowledge of the situation say negotiations with Alfa Romeo’s owners are now at a very advanced stage.

With its owner, former Formula 1 driver Michael Andretti, eager to add a grand prix team to his portfolio, there are suggestions that the takeover could be approved in a matter of weeks.

However, it is understood that no final decision has been taken yet by the Islero Investments company that is the current owner of the Alfa Romeo team, following the Swiss squad's takeover by Swedish investment firm Longbow Finance in 2016.

Should the go-ahead be given, then it will see Andretti Autosport add another series to its current activities, which includes IndyCar, Indy Lights, IMSA, Formula E, Australian Supercars and Extreme E.

The Alfa Romeo team has declined to comment on the current situation, and team principal Fred Vasseur made it clear at the Turkish Grand Prix that any discussions about the ownership of the squad were nothing that he would be involved in personally.

“I can say nothing because honestly it’s not in my parameter,” he said. “I’m the CEO and team principal and these kind of discussions are not with me, it would be with the shareholders. We have so many rumours and so on that you have to ask the question to the shareholders of the company.”

Sources have suggested that Andretti has become attracted to F1 because of the move towards a new rules era from 2022 – with a more level playing field between teams and the ongoing possibility of co-operation between manufacturers and customer squads.

Michael Andretti

Michael Andretti

Photo by: Simon Galloway / Motorsport Images

While Andretti had expressed interest in the past about joining F1 only if he could run a customer car, the implications of the cost cap era that Liberty Media has helped introduce has given him reason to feel that there are good opportunities to jump in now.

Alfa Romeo has close ties with Ferrari and recently extended a long-term partnership with Alfa Romeo for that relationship to continue, giving the team a fair deal of security for the next few years.

Any deal for Andretti to take charge of Alfa Romeo would also open up the door for IndyCar frontrunner Colton Herta to potentially make a move to F1 in the longer term, should he acquire enough F1 superlicence points.

Herta impressed greatly for Andretti Autosport this year and signed a long-term contract back in May that keeps him committed to the team for a while.

However, any move to F1 in 2023 or beyond could open the door for Andretti’s Indy Lights champion Kyle Kirkwood to step up to the IndyCar team full-time, with his future currently uncertain.

Read Also:

shares
comments
F1 set to abandon planned new sporting regulations format

Previous article

F1 set to abandon planned new sporting regulations format

Next article

Verstappen doesn't think Red Bull has pace to win Turkish GP

Verstappen doesn't think Red Bull has pace to win Turkish GP
Load comments
The final throes of Brazil's fleetingly successful F1 team Prime

The final throes of Brazil's fleetingly successful F1 team

Emerson Fittipaldi is better remembered for his Formula 1 world championships and Indianapolis 500 successes than for the spell running his eponymous F1 team. Despite a hugely talented roll call of staff, it was a period of internal strife, limited funding and few results - as remembered by Tim Wright.

Formula 1
Oct 18, 2021
Why McLaren's expanding agenda will benefit its F1 resurgence Prime

Why McLaren's expanding agenda will benefit its F1 resurgence

In the 1960s and 1970s, McLaren juggled works entries in F1, sportscars and the Indy 500 while building cars for F3 and F2. Now it’s returning to its roots, expanding into IndyCars and Extreme E while continuing its F1 renaissance. There’s talk of Formula E and WEC entries too. But is this all too much, too soon? Stuart Codling talks to the man in charge.

Formula 1
Oct 17, 2021
How Tsunoda plans to achieve his F1 potential Prime

How Tsunoda plans to achieve his F1 potential

Yuki Tsunoda arrived in grand prix racing amid a whirlwind of hype, which only increased after his first race impressed the biggest wigs in Formula 1. His road since has been rocky and crash-filled, and OLEG KARPOV asks why Red Bull maintains faith in a driver who admits he isn’t really that big a fan of F1?

Formula 1
Oct 15, 2021
The danger of reading too much into F1's clickbait radio messages Prime

The danger of reading too much into F1's clickbait radio messages

OPINION: After Lewis Hamilton responded to reports labelling him 'furious' with Mercedes following his heated exchanges over team radio during the Russian Grand Prix, it provided a snapshot on how Formula 1 broadcasting radio snippets can both illuminate and misrepresent the true situation

Formula 1
Oct 14, 2021
How F1’s pole winner approach undermines drivers Prime

How F1’s pole winner approach undermines drivers

OPINION: Valtteri Bottas is credited with pole position for the 2021 Turkish Grand Prix, despite being beaten in qualifying. This is another example of Formula 1 and the FIA scoring an own goal by forgetting what makes motorsport magic, with the Istanbul race winner also a victim of this in the championship’s recent history

Formula 1
Oct 13, 2021
Turkish Grand Prix driver ratings Prime

Turkish Grand Prix driver ratings

On a day that the number two Mercedes enjoyed a rare day in the sun, the Turkish Grand Prix produced several standout drives - not least from a driver who has hit a purple patch of late

Formula 1
Oct 11, 2021
The hidden factors that thwarted Hamilton's bid for Turkey glory Prime

The hidden factors that thwarted Hamilton's bid for Turkey glory

Starting 11th after his engine change grid penalty, Lewis Hamilton faced a tough task to repeat his Turkish Grand Prix heroics of 2020 - despite making strong early progress in the wet. Instead, his Mercedes teammate Valtteri Bottas broke through for a first win of the year to mitigate Max Verstappen re-taking the points lead

Formula 1
Oct 11, 2021
How pitstops evolved into an F1 art form Prime

How pitstops evolved into an F1 art form

A Formula 1 pitstop is a rapid-fire blend of high technology and human performance. PAT SYMONDS describes how the science of margin gains makes stops so quick

Formula 1
Oct 10, 2021