Andretti not smart to pressure F1 says CEO

Andretti officials are “not very smart” to denounce the existing Formula 1 team bosses as “greedy”, the sport’s CEO Stefano Domenicali has warned. Various existing F1 teams, however, are diametrically opposed to the move. “Five years ago, you could get teams for nothing but nobody wanted them and they went out of business. Indeed, F1 is now thriving in the Liberty Media era – but Steiner says an eleventh team threatens that. The boss of a much bigger and more successful team, Red Bull, agrees. As for Domenicali, he questions Michael and Mario Andretti’s strategy of calling the existing teams ‘greedy’. “There are groups of people like Mario and Michael Andretti who want to get into F1 and are saying it loudly, but to say that the teams are just greedy is not a very smart tactic. “There are other people who are quieter and also want to come into Formula 1,” Domenicali added.

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