Jan 10 (Reuters) – Michael Andretti labelled Formula One staff homeowners “greedy” on Tuesday and stated them placing their self curiosity forward of the game was the explanation for the tepid response to his bid to deliver an all-American staff to the sequence.

Formula One homeowners have expressed indifference to the announcement final week that Andretti Global and General Motors model Cadillac have been becoming a member of forces in a bid to turn out to be the game’s eleventh staff. read more

Andretti, who has been doggedly pursuing an F1 staff for a number of years, hit again on Tuesday in an interview with Forbes, placing the lukewarm reception all the way down to greed.

“It’s all about money,” Andretti advised Forbes. “First, they suppose they will get diluted one-tenth of their prize cash, however additionally they get very grasping considering we are going to take all of the American sponsors as properly.

“It’s all about greed and taking a look at themselves and never taking a look at what’s finest for the general progress of the sequence.”

An all-American team backed by automotive giant General Motors with an American driver would seem an attractive opportunity for Formula One, which has been making a push into the U.S. market, where three races (Miami, Austin and Las Vegas) will be run this season.

But a major road block is the dilution of the teams’ share of the revenues and a feeling that the current $200 million entry fee, which would be shared among the existing 10 teams as compensation, now looks too cheap.

While the Andretti/GM bid appears to have ticked all the right boxes, other deep-pocketed groups have also been sniffing around Formula One with German sportscar manufacturer Porsche and Honda expressing interest.

The Andretti plan, nevertheless, will not be with out some robust backing.

The head of the game’s governing physique (FIA) Mohammed Ben Sulayem has expressed his help however Formula One’s business rights holder and groups have been much less enthusiastic.

“In Formula One, the homeowners look out for themselves; not what’s finest for the sequence,” stated Andretti, who additionally revealed within the Forbes article that he’s wanting so as to add a NASCAR Cup Series staff to his motor racing steady that features IndyCar and Formula E.

“President Mohammad is looking for the way forward for the game.

“Mohammad gets it.”

The technique of including a doable new outfit will comply with strict protocols. Even if accepted a brand new staff wouldn’t be capable of enter earlier than 2026 on the earliest.

Andretti, son of 1978 F1 world champion Mario, has an excellent report as a staff proprietor and businessman however it’s Project 1001, run by Dan Towriss, that’s in keeping with Forbes, supplying the capital funding for the F1 enterprise.

“Without them, it wouldn’t be happening,” Andretti stated. “They are the spine of the entire thing.

“It will take a very long time to get there, however ultimately we need to be one of many high groups in Formula One.

“Our finish purpose is to be competing for the world championship 5 or 6 years down the street.”

Reporting by Steve Keating in Toronto. Editing by Toby Davis

Our Standards: The Thomson Reuters Trust Principles.