Andretti’s takeover of Alfa Romeo F1 team will not take place RaceFans

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Michael Andretti’s hopes of acquiring a Formula 1 team have been dashed, at least for the time being.

CART champion Indycar turned motorsport team manager has failed in his bid to acquire Sauber, which operates the Alfa Romeo-branded F1 team, according to RaceFans.

Andretti was linked with a purchase of the team, which was acquired by Longbow Finance in 2016. It has operated under the Alfa Romeo name under a brand deal since 2019.

It is believed that the parties failed to agree on the terms of a sale. Andretti’s potential buyout did not involve the Special Purpose Acquisition Company (SPAC) he announced in March.

“We have no comment to make on these rumors,” an Alfa Romeo spokesperson told RaceFans. “Any discussion, past, present or future regarding team ownership is the responsibility of the shareholders and not something the team will make a statement about.”

Andretti’s interest in the team has sparked speculation that Colton Herta – his IndyCar driver who won the last two races of the season this year – could join F1, although he is not eligible for a superlicence. in 2022.

Guanyu Zhou is still considered a favorite for the team’s second try alongside Valtteri Bottas. Alfa Romeo team manager Frédéric Vasseur had previously said he wanted to assess the drivers‘ performance in Formula 2 before making his decision. Sauber-backed rider Theo Pourchaire is also reportedly under consideration, but Vasseur has indicated that Zhou’s junior alpine rider Oscar Piastri, who currently leads the F2 standings, is not.

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