Andretti Autosport owner Michael Andretti is interested in buying a Formula 1 team and has reportedly begun making exploratory calls to specific programs that could be for sale. If he succeeds, he could either replace Haas F1 owner Gene Haas as the lone American team owner in the series or join him as one of two.
The report, from RACER's Marshall Pruett and Chris Medland, seems to indicate that Andretti has already talked to Gene Haas about purchasing his program. Those calls were exploratory in nature and have not gone further, leading Andretti to instead target the two teams owned by private equity firms on the grid.
Those would be Williams, owned by Dorilton Capital, and Alfa Romeo Sauber, owned by Longbow Finance SA. The racing programs are the only significant public-facing business owned by either firm, making them odd projects in what seem to be otherwise straightforward investment portfolios and viable targets for a prospective buyer looking to break into the Formula 1 grid. By contrast, every other team on the grid is owned either by a single energy drink company (Red Bull and AlphaTauri), an investment group that also owns a large portion of a manufacturer (Aston Martin), or the manufacturer itself (Alpine, McLaren, Ferrari, Mercedes) and all would be unlikely to sell.
CART legend and former McLaren Formula 1 driver Michael Andretti currently operates Andretti Autosport, a multi-series racing team that currently operates in IndyCar, Indy Lights, Formula E, Extreme E, IMSA Prototype Challenge, and the IMSA WeatherTech Sports Car Series. They also co-own the Australian Supercars team Walkinshaw Andretti United alongside McLaren Racing CEO Zak Brown and Australia's Walkinshaw racing dynasty. Their marquee IndyCar program has won five Indianapolis 500s and four IndyCar championships since Michael Andretti began to acquire what was then Andretti Green Racing in 2003.
Andretti's father Mario was also the Formula 1 world champion in 1978.