F1 CEO says Michael Andretti ‘quite vocal’ about new team, but there’s process to follow

F1 Grand Prix of Hungary
Dan Istitene - Formula 1/Formula 1 via Getty Images
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Formula One has multiple inquiries from potential team owners who have taken a more behind-the-scenes approach than Michael Andretti, who has been “quite vocal” in his desire to expand the current grid, F1 CEO Stefano Domenicali said Wednesday.

Andretti has petitioned to expand the current F1 grid to 22 cars to accommodate Andretti Global, which he’s billing as a true American team. Andretti has taken that route after attempts to purchase an existing F1 team fell apart late last year.

He said this week he’s building a 575,000 square-foot facility on roughly 90 acres in Fishers, Indiana, to house Andretti Global. But he’s still no closer to landing an F1 team, and Domenicali offered very little update specific to Andretti.

“The status of Formula One, it is not a problem of quantity,” Domenicali said. “It’s a matter of understanding not only the ones who have a bigger, louder voice, but there will be other people because Andretti was quite vocal about his request.

“But there are others that have done the same in a different way. So we will listen not only to Andretti, but to others that are respecting the silence on trying to be more productive on proving who they are and respecting the protocol.”

At issue is what value – if any – comes with expanding the current 20-car grid.

Mercedes head Toto Wolff has been vehemently against expansion and argued it only will decrease profits as the pot would be split between 11 teams instead of 10. But McLaren boss Zak Brown has argued adding the Andretti name would increase North American interest and signing U.S.-based sponsors based on Andretti’s participation would compensate for any dilution to the purse.

Wolff has dismissed the notion the Andretti name brings any value to F1. Mario Andretti is the 1978 F1 world champion; Michael Andretti spent one unremarkable season driving in the series.

And even though Andretti has had discussions with Renault about entering F1, Wolff has been supportive only of a potential Audi-backed effort.

“Andretti is a great name, and I think they have done exceptional things in the U.S.,” Wolff recently said. “But this is sport and this is business and we need to understand what is it that you can provide to the sport.”

The resistance has irritated Mario Andretti, who replied on Twitter to a question asking if Wolff is too powerful for F1 with: “This needed to be said; it’s about time.”

Domenicali said Wednesday that Wolff has earned his respect in F1 and is a credible voice in the series. He also indicated all the back-and-forth on the Andretti issue is a moot point because the decision will be made by a governing body and not Wolff and the current team principals.

“Mario, I know him very, very well, and he is trying to present his idea in a way that he thought is the right way to do that,” Domenicali said. “But I do believe there is a governance in place, and the decision has to follow the process, and the protocol that is in place.

“Mario is very vocal, Michael is, too. We need to respect that we may have a difference of opinions, but at the end of the day it is a matter of following the protocol, and there is someone that is to make the final decision.”

Winner Josef Newgarden earns $3.666 million from a record Indy 500 purse of $17 million

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INDIANAPOLIS — The first Indy 500 victory for Josef Newgarden also was the richest in race history from a record 2023 purse of just more than $17 million.

The two-time NTT IndyCar Series champion, who continued his celebration Monday morning at Indianapolis Motor Speedway earned $3.666 million for winning the 107th running of the Greatest Spectacle in Racing.

The purse and winner’s share both are the largest in the history of the Indianapolis 500.

It’s the second consecutive year that the Indy 500 purse set a record after the 2022 Indy 500 became the first to crack the $16 million mark (nearly doubling the 2021 purse that offered a purse of $8,854,565 after a crowd limited to 135,000 because of the COVID-19 pandemic).

The average payout for IndyCar drivers was $500,600 (exceeding last year’s average of $485,000).

Indianapolis Motor Speedway owner Roger Penske, whose team also fields Newgarden’s No. 2 Dallara-Chevrolet, had made raising purses a priority since buying the track in 2020. But Penske but was unable to post big money purses until the race returned to full capacity grandstands last year.

The largest Indy 500 purse before this year was $14.4 million for the 2008 Indy 500 won by Scott Dixon (whose share was $2,988,065). Ericsson’s haul made him the second Indy 500 winner to top $3 million (2009 winner Helio Castroneves won $3,048,005.

Runner-up Marcus Ericsson won $1.043 million after falling short by 0.0974 seconds in the fourth-closest finish in Indy 500 history.

The 107th Indy 500 drew a crowd of at least 330,000 that was the largest since the sellout for the 100th running in 2016, and the second-largest in more than two decades, according to track officials.

“This is the greatest race in the world, and it was an especially monumental Month of May featuring packed grandstands and intense on-track action,” Penske Entertainment president and CEO Mark Miles said in a release. “Now, we have the best end card possible for the 107th Running of the Indianapolis 500: a record-breaking purse for the history books.”

Benjamin Pedersen was named the Indy 500 rookie of the year, earning a $50,000 bonus.

The race’s purse is determined through contingency and special awards from IMS and IndyCar. The awards were presented Monday night in the annual Indy 500 Victory Celebration at the JW Marriott in downtown Indianapolis.

The payouts for the 107th Indy 500:

1. Josef Newgarden, $3,666,000
2. Marcus Ericsson, $1,043,000
3. Santino Ferrucci, $481,800
4. Alex Palou, $801,500
5. Alexander Rossi, $574,000
6. Scott Dixon, $582,000
7. Takuma Sato, $217,300
8. Conor Daly, $512,000
9. Colton Herta, $506,500
10. Rinus VeeKay, $556,500
11. Ryan Hunter‐Reay, $145,500
12. Callum Ilott, $495,500
13. Devlin DeFrancesco, $482,000
14. Scott McLaughlin, $485,000
15. Helio Castroneves, $481,500
16. Tony Kanaan, $105,000
17. Marco Andretti, $102,000
18. Jack Harvey, $472,000
19. Christian Lundgaard, $467,500
20. Ed Carpenter, $102,000
21. Benjamin Pedersen (R), $215,300
22. Graham Rahal, $565,500*
23. Will Power, $488,000
24. Pato O’Ward, $516,500
25. Simon Pagenaud, $465,500
26. Agustín Canapino (R), $156,300
27. Felix Rosenqvist, $278,300
28. Kyle Kirkwood, $465,500
29. David Malukas, $462,000
30. Romain Grosjean, $462,000
31. Sting Ray Robb (R), $463,000
32. RC Enerson (R), $103,000
33.  Katherine Legge, $102,000

*–Broken down between two teams, $460,000 Rahal Letterman Lanigan Racing, $105,500 Dreyer & Reinbold Racing/Cusick Motorsports