Michael Andretti revealed a control issue killed the possible deal of purchasing a majority stake from an investment firm in the Alfa Romeo Sauber team.

Details:

  • Andretti said the deal fell off completely over a control issue, not due to a financial roadblock.

What he said:

  • “Don’t believe the rumors you were hearing about why it didn’t happen. It had nothing to do with financial or anything like that.”
  • “It was more having to do with control issues. Unfortunately at the 11th hour control issues changed and it was a deal we had to step away from because we couldn’t accept it.”
  • “I always said that we’re only going to do it if it’s right for us and in the end it wasn’t right for us.”

Getting an American back in the sport: Andretti stated that it’s one of their priorities to get an American back in Formula 1 should they purchase a team, and their first choice would be Colton Herta.

  • “Obviously if we ever do get a team he would lead the way for us in terms of wanting to bring an American driver. He would be the perfect guy for it.”
  • “We definitely were going to get him into the seat because I believe he could definitely be a competitive driver in Europe, I really do, there’s no reason why.”

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