F1 denies the Andretti-Cadillac bid

The 2024 Formula 1 season will begin with ten teams on the grid.

And, thanks to a recent decision from Formula One Management (FOM), the number of teams on the grid will remain unchanged in both 2025 and 2026, if not longer.

After the sport’s governing body, the FIA, approved a bid from Andretti-Cadillac seeking to join the grid in the future, the bid moved into the next stage of the process. That process involved working through commercial rights and other aspects of the deal with FOM. In the report released on Wednesday, FOM indicated that among other reasons, the proposed Andretti-Cadillac team would not bring value to F1.

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