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Michael Andretti steps aside at racing empire
Sep.30 Michael Andretti has ceded control of his motor racing empire, Andretti Global. Famed for its involvement and successes in mainly US-based series including Indycar, Andretti applied to be granted entry to Formula 1 early in 2022, simultaneously ramping up its operations and preparations. Early this year, despite FIA approval, Liberty Media-owned Formula 1 rejected the Cadillac-bolstered Andretti bid – ultimately resulting in a US government investigation into the arguably anti-competitive decision. In that context, it is fascinating that Andretti Global has now announced that co-owner Dan Towriss has taken over complete control of the company. 'Michael's goal has been to...
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11mo ago from OneStopStrategy.com
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