The United States is a key growth area for Formula One, owned by U.S.-based Liberty Media, with a second race in Miami coming in 2022. The Andretti family set up a special purpose acquisition company (SPAC) this year to raise $250 million through an initial public offering. "I think they did a SPAC in the States and said they were going to look to buy something in motorsports. "I don't know much about it other than that I heard in the paddock last race that there was potentially some activity there.
I know the family and I think they'd be a great addition to the sport, if it's true," Stroll told Reuters from Montreal ahead of Sunday's race when asked about the rumours. Swiss-based Sauber run the Alfa Romeo team and there is mounting speculation that Michael Andretti, a former grand prix racer and son of 1978 champion Mario, is close to a deal.Īmerican motorsports website reported however that no announcement was expected at this weekend's U.S.
LONDON, Oct 20 (Reuters) - U.S.-based Andretti Autosport would be a great addition to Formula One if reported takeover talks with Sauber come to fruition, according to Aston Martin's billionaire Canadian owner Lawrence Stroll.
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