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20 Aug 2024, 14:33 (Ref:4223208) | #551 | |||
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Meyer Shank have gone over to Ganassi. https://racer.com/2024/08/19/meyer-s...ti-to-ganassi/ |
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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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23 Aug 2024, 20:59 (Ref:4223557) | #553 | |||
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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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24 Aug 2024, 06:51 (Ref:4223589) | #554 | |||
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24 Aug 2024, 07:19 (Ref:4223593) | #555 | |||
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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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27 Sep 2024, 18:17 (Ref:4228643) | #557 | ||
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27 Sep 2024, 19:22 (Ref:4228650) | #558 | |
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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? Richard |
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27 Sep 2024, 19:25 (Ref:4228651) | #559 | |||
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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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27 Sep 2024, 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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27 Sep 2024, 20:06 (Ref:4228659) | #561 | ||
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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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27 Sep 2024, 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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27 Sep 2024, 20:36 (Ref:4228667) | #563 | |||
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27 Sep 2024, 23:22 (Ref:4228680) | #564 | |
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28 Sep 2024, 02:24 (Ref:4228702) | #565 | ||
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Wonder if this could lead to a whole rethink and change to the whole F1 entry idea (assuming that the new management still wants to go ahead with it). With what you'd expect to be a far more business-based approach and with the emotive statements etc. wound right down, then the whole concept might have more legs and stack up better from FOM's point of view.
Might even be that the name of the proposed F1 team changes to something as simple as "Cadillac"? Don't know Dan Towriss, don't know what he's like but we've seen Michael's emotive approach and loud demands / claims, & maybe there's been a discussion (or several discussions) along the lines of "get rid of the clown & we might be able to talk business". With Towriss (as I understand it) controlling all or most of the funding, it might very well be that the only true way forward is considered to be a more measured and less emotive management approach. PS; I known that "clown" is harsh but couldn't think of a better way to explain what I meant. |
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28 Sep 2024, 08:10 (Ref:4228734) | #566 | |
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That's very sad.
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28 Sep 2024, 12:41 (Ref:4228761) | #567 | |||
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This Racer article also mentions Dan Towriss, owner of Gainbridge and holding company Group 1001, taking control of the business. https://racer.com/2024/09/27/michael...wnership-role/ Also posted on Indycar News & Rumors. Last edited by bjohnsonsmith; 28 Sep 2024 at 12:44. Reason: Edit |
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28 Sep 2024, 15:06 (Ref:4228774) | #568 | |
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Hopefully this isn’t a sad end to the team and the legacy can continue for some time yet
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8 Oct 2024, 08:49 (Ref:4229946) | #569 | ||
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Michael Andretti says "it isn't goodbye". Easy to be cynical about the whole "want to spend more time with the family" approach, when it's been used so often when sports coaches or politicians get the boot, but could be true this time. I guess we'll find out at some stage what it all means for Andretti Global and any F1 ambitions still held (or not).
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10 Oct 2024, 20:59 (Ref:4230316) | #570 | ||
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Meanwhile, the staff hired for the F1 project keep chipping away:
2026 chassis for crash testing and data work should be completed before the end of this year. Andretti's UK F1 operation still rolling on, hiring new people every week. |
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12 Oct 2024, 14:50 (Ref:4230549) | #571 | |||
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Yesterday, 21:47 (Ref:4232972) | #572 | ||
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Marshall Pruett's latest podcast talks about rumours he's hearing about Andretti's F1 bid - he starts talking about it from 3:20 onwards.
All still very vague, with any announcement maybe happening late this year or early next but perhaps all the rumours and actual happenings might be lining up? Remains to be seen but there might still be an 11th team before we get too much older (or not). |
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Today, 03:02 (Ref:4232982) | #573 | ||
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Richard |
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Today, 03:19 (Ref:4232983) | #574 | |||
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Today, 06:22 (Ref:4232989) | #575 | ||
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