After Haas, second American team looks to enter F1: 'Not at that point yet'

In recent years the popularity of Formula 1 in America is increasing. With Haas as an American team and COTA as organiser of the American Grand Prix there is enough for the American fans to look forward to. Within a couple of years, a second American team might just make its entry into the top of motorsport.

Former F1 driver Michael Andretti is researching the possibilities of buying a Formula 1 team, reports RACER. Andretti tells the medium that there is still a lot of work to be done in order to take concrete steps. "It would be great, but there is still a long way to go before it actually happens. If the right opportunity comes along, we will really go for it. We're not at that point yet.”

According to RACER, there have been talks with more than one team, including Gene Haas, owner of Haas F1 Team. Those talks were never really in-depth, so besides Haas there are two teams where Andretti probably has a chance, Alfa Romeo and Williams. Both teams have been bought by investment companies and could be interesting for the American.

Setting up a completely new team doesn't seem to be Andretti's plan, also because the new agreement between the teams, the Concorde-Agreement, reads that each new team has to pay a buy-in fee of 200 million dollar to the existing teams, where that amount will be divided between them.