Days after FIA’s official approval of 11th F1 team, Australian billionaire admits frustration over AlphaTauri’s billion-dollar price tag

Formula 1 has been a sport for 10 teams for quite a while now and many other makers and business giants wanted to have a share in the glam of this sport. AlphaTauri’s prospective buyer was among those who wanted to enter Formula 1 through an already established team in the sport.

Amongst all the drama that has been a part of the sport for a long time now, an 11th team is soon going to enter the game after a lot of efforts and by pulling strings throughout the paddock.

AlphaTauri’s hypothetical price deters Rodin Cars’ founder

Rodin Cars’ founder and Australian billionaire David Dicker was trying to buy the AlphaTauri team ahead of the permissions granted by FIA to three new constructors in the paddock. David was pretty enthusiastic about his entry into the sport and wanted to buy an existing outfit rather than a new setup.

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Source: The CEO Magazine

His plans were infuriatingly crushed by a $1 billion price tag on AlphaTauri which compelled David to pushback and reevaluate his options and decisions.

In a media session with RACER, he expressed his disappointment, “Well, I do have some talks about buying AlphaTauri, but the price is commercially unviable as far as I could understand it, You’ve still got to look at these things in commercial terms. And the F1 guys are experts on the motorsport side, but on the business side, I’m not so sure.”

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Source: The RACE

“I do have a project that I’m working on. It’s interesting and exciting, but I can’t talk about it quite yet, because I haven’t quite got it. But let me put it this way: I’m pretty pissed off about not getting into Formula 1, so I’m not just going to go away and sulk.”

Dicker had been really enthusiastic about purchasing Williams too but even then he couldn’t get a shot at it which he considers a really big mistake.

Andretti Global becomes official 11th team in F1

In what has been an exhaustingly long time, Andretti Global finally got the green signal to join in F1 as an 11th team. The team owner Michael Andretti was on a quest to join the F1 circus since a long long time after a great couple of seasons in Indycar.

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Source: Autoweek

“The FIA is obliged to approve applications that comply with the Expressions of Interests application requirements and we have adhered to that procedure in deciding that Andretti Formula Racing LLC’s application would proceed to the next stage of the application process. In taking that decision, the FIA is acting in accordance with EU directives on motor sport participation and development,” FIA president Mohammed ben Sulayem congratulated Andretti over the entry.

Do you think a popular team like Andretti could shake things up in the F1 market? Tell us your opinions on this in the comments.


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