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Old 20 Aug 2024, 14:33 (Ref:4223208)   #551
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Originally Posted by GTRMagic View Post
While over in IndyCar, the popular rumour is Andretti Global is switching from
Honda to Chevy sooner rather than later…. And have lost their technical support contract with Meyer Shank, who are a devout Honda team because they seem to believe a brand switch is pending. And Andretti rumoured to be reducing to 3 cars (from 5) it’s not pointing exactly how you might think it could

Meyer Shank have gone over to Ganassi.


https://racer.com/2024/08/19/meyer-s...ti-to-ganassi/
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Old 23 Aug 2024, 19:19 (Ref:4223550)   #552
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Kinda like Gene Haas selling off and closing down much of his NASCAR operation, but none of the returns seem to have been diverted to the F1 operations. Of course, that hasn't stopped most F1 mavens and "cheerleaders" from pontificating otherwise...
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Old 23 Aug 2024, 20:59 (Ref:4223557)   #553
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Kinda like Gene Haas selling off and closing down much of his NASCAR operation, but none of the returns seem to have been diverted to the F1 operations. Of course, that hasn't stopped most F1 mavens and "cheerleaders" from pontificating otherwise...
Completely different in almost every way. Andretti is moving to Chevy engines in Indycar (logical, given the relationship that has developed out of the F1 entry bid) and Meyer Shank (which is committed to Honda) has therefore ended the relationship with Andretti and hooked up with Ganassi. All makes sense.

The Stewart-Haas selloff isn't a change of engines or manufacturer, it is a case of getting out of NASCAR completely and dissolving the partnership, selling the franchises. Personally I think that Tony Stewart has other priorities in his life now and the same can probably be said for Gene Haas.

Haas is in fact now investing more into his F1 operation but who knows if any NASCAR sale proceeds are contributing to that - but there does seem to be a higher focus on F1 and I suspect that selling off the NASCAR operation would probably assist with that.
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Old 24 Aug 2024, 06:51 (Ref:4223589)   #554
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Completely different in almost every way. Andretti is moving to Chevy engines in Indycar (logical, given the relationship that has developed out of the F1 entry bid) and Meyer Shank (which is committed to Honda) has therefore ended the relationship with Andretti and hooked up with Ganassi. All makes sense.

The Stewart-Haas selloff isn't a change of engines or manufacturer, it is a case of getting out of NASCAR completely and dissolving the partnership, selling the franchises. Personally I think that Tony Stewart has other priorities in his life now and the same can probably be said for Gene Haas.

Haas is in fact now investing more into his F1 operation but who knows if any NASCAR sale proceeds are contributing to that - but there does seem to be a higher focus on F1 and I suspect that selling off the NASCAR operation would probably assist with that.
It was to be a total sell off but Haas has decided to keep one Cup car franchise and will run a two car Xfinity series team as well. So keeping a finger in the NASCAR pie but the partnership with Tony Stewart is dissolved and most of the NASCAR Cup operation is sold off.
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Old 24 Aug 2024, 07:19 (Ref:4223593)   #555
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It was to be a total sell off but Haas has decided to keep one Cup car franchise and will run a two car Xfinity series team as well. So keeping a finger in the NASCAR pie but the partnership with Tony Stewart is dissolved and most of the NASCAR Cup operation is sold off.
Thanks mate, yeah, I'd read that but couldn't find a reference to it when I wrote that post. Cheers
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Old 24 Aug 2024, 11:20 (Ref:4223613)   #556
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So any idea what's gonna happen with those whole congress investigation into F1's treatment of Andretti? Not sure how far it will get
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Old Today, 18:17 (Ref:4228643)   #557
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Now this is packaged as ‘rumour’ but…

Andretti OUT at Andretti Global?

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Old Today, 19:22 (Ref:4228650)   #558
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Now this is packaged as ‘rumour’ but…
It seems like a number of news organizations are reporting it. It also doesn't sound like a forced exit. It sounds more like he is stepping away from day to day operational leadership. It makes you wonder what he is looking to spend his time on? Which leads to...

https://www.planetf1.com/features/za...oard-explained

So they recently created a shell company designed to act as vehicle for acquiring something else. With Michael, Mario and others including Zak Brown being part of it. I guess this means "watch this space". We can speculate they are going to buy a racing team? Haas maybe? Or maybe it's completely unrelated to F1?

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Old Today, 19:25 (Ref:4228651)   #559
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It seems like a number of news organizations are reporting it. It also doesn't sound like a forced exit, change or ownership or anything like that. It sounds more like he is stepping away from day to day operational leadership. It makes you wonder what he is looking to spend his time on? Which leads to...

https://www.planetf1.com/features/za...oard-explained

So they recently created a shell company designed to act as vehicle for acquiring something else. With Michael, Mario and others including Zak Brown being part of it. I guess this means "watch this space". We can speculate they are going to buy a racing team? Haas maybe? Or maybe it's completely unrelated to F1?

Richard
It’s at ESPN now so likely closer to the truth and not.

Someone might suspect the target is a stake in the Spire NASCAR operation as Gainbridge is already a title sponsor over there…
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Old Today, 19:46 (Ref:4228655)   #560
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This adds a bit of spice.... https://twitter.com/jeppe_olesen/sta...07891873317040

Part of that says. "....extra tidbit on Michael Andretti exiting his stake of Andretti Global:
On September 5th, Zak Brown was appointed to the Board of Directors of "Andretti Acquisition Corp. II".....

More in the twitter link in terms of corporate info

Hmmm
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Old Today, 20:06 (Ref:4228659)   #561
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This adds a bit of spice.... https://twitter.com/jeppe_olesen/sta...07891873317040

Part of that says. "....extra tidbit on Michael Andretti exiting his stake of Andretti Global:
On September 5th, Zak Brown was appointed to the Board of Directors of "Andretti Acquisition Corp. II".....

More in the twitter link in terms of corporate info

Hmmm
Similar info as to the article I posted above. The article I posted had some good details.

One item of interest is that many headlines on this call out Andretti giving up "ownership". But in what I have read in some of the articles is that Andretti gave up controlling ownership in 2022. Maybe he has also sold off any remaining ownership (probably not).

Richard
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Old Today, 20:24 (Ref:4228662)   #562
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Here is Autosport's article about Andretti stepping back from the operational side of the team: https://www.autosport.com/indycar/ne...team/10658589/
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Old Today, 20:36 (Ref:4228667)   #563
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Similar info as to the article I posted above. The article I posted had some good details.

One item of interest is that many headlines on this call out Andretti giving up "ownership". But in what I have read in some of the articles is that Andretti gave up controlling ownership in 2022. Maybe he has also sold off any remaining ownership (probably not).

Richard
Apologies Richard.... I found the tweet elsewhere and posted the info here before I read some of the detail already added. I got a bit too keen.
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