MICHAEL ANDRETTI is ready to pay the required £147million to field his own F1 team ready for the 2024 season. Andretti Sr wrote on Twitter: “Michael has applied to the FIA to field a new F1 team starting in 2024. Andretti was also asked by reporters on his son’s ability to pay the anti-dilution fee. “I don’t think Michael is asking for any special favors, we need to comply with whatever we need to comply to and go on. Michael himself spent time as an F1 driver, racing 13 times for McLaren in the 1993 season. According to a report by gpfans, the FIA have responded with a statement following the news regarding Andretti’s intentions.

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