Leagues and Governing Bodies

Andretti hopes spending push will convince F1 to create 11th team

F1’s "most popular prospective team owner" Michael Andretti might "finally have his golden ticket to create F1’s 11th franchise," according to Nathan Brown of the INDIANAPOLIS STAR. That decision "ultimately lies with" FIA and series owner Liberty Media's FOM. Andretti said, "We’re not going to get an answer for a while. ... We’re spending money to get the ball rolling, and we feel like, hopefully, we’re going to get it. We know we’re taking a risk, but we feel like it’s worth the risk to get the ball rolling." Andretti said that construction on a "state-of-the-art F1 race shop in Indianapolis, where the cars would be built, could break ground 'hopefully in August.'" It is the "display of financial solvency and dedication" he hopes will "eventually persuade the FOM to allow Andretti Global to break F1’s glass ceiling of 10 franchises" that has existed since '17. Though individual F1 team owners and principals have "no say in the FIA and FOM’s eventual decision," several have "aired their grievances surrounding the addition of an 11th team -- even one with the name recognition of Andretti at a time when the U.S. has quickly become perhaps the series’ most lucrative market." Haas Team Principal Gunther Steiner said, "If there’s teams coming, they need to be solid. We as a team, we don’t need more. We’re in a good place." McLaren CEO Zak Brown said, "I think the push-back from some teams is more a fiscal push-back, because it’ll eat into their prize fund" (INDIANAPOLIS STAR, 5/7).

SBJ Morning Buzzcast: August 12, 2022

FIFA shifts opener of World Cup; MLB shows well in Iowa; Broncos tab a new president and Boehly retains sports venue design pioneer.  

SBJ Unpacks: MLS All Star Week

Ahead of the MLS All-Star Game, Alex Silverman was joined by CBS Sports' Grant Wahl and World Soccer Talk's Christopher Harris to discuss the current state of MLS. Among the topics discussed: MLS All-Star MLS Expansion MLS-Apple Deal Future of MLS

SBJ I Factor: Jed York

SBJ I Factor: Jed York, presented by Allied Sports SBJ I Factor presented by Allied Sports features an interview with San Francisco 49ers CEO Jed York. York is in his 17th year with the organization and his 12th as CEO. He is a two-time SBJ Forty Under 40 honoree as a member of the classes of 2012 and 2013. York talks with SBJ’s Abe Madkour about what he learned from growing up in the sports business, working in multiple departments at the team, the challenges of building Levi’s Stadium, and how his leadership style has evolved through the years. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards, such as Forty Under 40, Game Changers and others.

Shareable URL copied to clipboard!

Sorry, something went wrong with the copy but here is the link for you.