Avik Avedisian’s Post

I am not quite sure what Andretti thinks the end-game is here, but it is not the approach I would have taken. After being rejected by FOM for entry into the sport in 2025 as an additional team, they were given the opportunity to re-apply after 2026 when Cadillac said they would be able to produce an engine for the car. This sounds reasonable to me, as the real benefit to the sport is the addition of GM as a power unit supplier. Basically, they are saying "prove to us that the GM/Cadillac is a real opportunity". Equipped with this information, Andretti had the choice of accepting this and working very closely with FOM, FIA, and GM to come up with a strategy that works for all parties to enter the sport, which could include the purchase of an existing team if the #1 objective was to get into the sport. However, I don't feel that is the key objective, as Andretti wants to enter the sport at the bargain rate of the $200 million "anti-dilution fee" of a new team, instead of paying the $1+ billion value of an existing team. Instead of working together on a solution, Andretti are choosing to use the US Congress to put pressure on FOM to force them to allow Andretti to enter the sport as the 11th team. This very short-sighted view is going to have long-term consequences as the FOM will not be willing to work collectively on a solution, but will now rather not have a group put pressure on their business model and force their way in. Think about what FOM can do to Andretti and their partners if they are allowed into the sport, there will be real animosity towards the team, and they will not be given the courtesy of competing equally. There will be real consequences as they don't call F1 the "Piranha Club" for nothing. If I was hired to do the consultancy on this issue, I would suggest backing off and going to FOM in a humble manner, ask for forgiveness, and work towards a mutual solution. This will be fun to watch! https://lnkd.in/eQsYDSjJ

❌Liberty Media to be investigated after Andretti get rejected to join the F1 grid❌ Do you think the reasonings for Andretti getting rejected are fair? 🚪The door seems to be getting shut due to assuming their commercial value isn’t going to be good enough and that F1 would bring more value to the Andretti brand, rather than the other way round. Ultimately, I think Andretti are at a disadvantage anyway as the F1 teams will be voting against an 11th team joining the grid to avoid diluting the prize pot.💸 For me, a new team is exciting. There would be more competition on the grid and also giving more good quality drivers the chance to drive in an F1 seat🍾 ❓What does this mean for Andretti now? Will they apply for 2028? Let me know your thoughts on this.. I am intrigued to know how you would feel about an 11th team on the grid💭 https://lnkd.in/e5nDdXdU

Midway Magic! Witness the transformation as Miami Blue takes over this McLaren! It's meticulous, it’s mesmerizing, and it's happening right here! Halfway through, and every inch further solidifies the bold choice. 👀 Check out the progress in our latest reel! #WrapProgress #VehicleCustomisation #MiamiBlueMcLaren

The intensity with which Andretti Global has committed to developing facilities, engineering teams, and even a car without yet being accepted into Formula 1 is proof in my eyes that this isn't a fly-by-night attempt to join the sport for the cachet. I haven't seen this level of commitment from several teams already on the grid, and their performances haven't shown any value to the sport IMO. Yet Andretti, with OEM backing from one of the largest American automakers, a history of entering motorsport series and being genuinely competitive, and a firm investment that doesn't rely on donations from elsewhere, is overlooked. Any other sporting league in the world relegates poor performers and promotes good ones. It's only F1 that is so obsessed with protecting the members-only club even when the performances of several teams on the grid are well below an acceptable standard. I can only hope sanity prevails and Andretti is given a spot on the grid soon. Liberty Media's assault on the American market means nothing if it shuns a genuine American entry to protect the interests of the existing teams.

This is BREAKING NEWS ! Historical Q4/FY 2023 result for Liberty Media Formula 1 Business ! The highest, Since Liberty Media took over F1, total Formula 1 revenue of $1,230 million in Q4 ( + 64 %) ! But, also the highest cost of revenue of $ 916 million in Q4 ! Result = Best operating income so far, since 2017, of $ 153 MILLION for one quarter 🙌 + 164 % ! Also Best Adjusted OIBDA of $238 million since 2017 👊 + 62 % #formula1

Midway Magic! Witness the transformation as Miami Blue takes over this McLaren! It's meticulous, it’s mesmerizing, and it's happening right here! Halfway through, and every inch further solidifies the bold choice. 👀 Check out the progress in our latest reel! #WrapProgress #VehicleCustomisation #MiamiBlueMcLaren

I had great fun researching and writing about the FIA F1 Financial Regulations and Cost Cap for LawInSport alongside Kavan Bakhda and Heather Lynch Check out the post below for the full article. #Formula1 #CostCap #Motorsport #F1

With the the complainant appealing against the investigation outcome at Redbull, what lessons can be learnt about the importance of thorough investigations? Read my latest article in Personnel Today https://lnkd.in/esC92KsC

F1 has experienced lots of financial growth in the last few years, but what does that mean for team valuations? I talked to autosport about the industry's finances and trajectory. #sportsbiz #f1 #finance University of Portsmouth, Business and Law https://lnkd.in/eHV88Y5r

F1's American Conundrum - Andretti, Antitrust, and the Liberty Standoff! 🇺🇸⚖️ As Andretti Global's F1 aspirations hit a Liberty-sized roadblock, the plot thickens with a political twist! 🎭 Despite FIA approval and millions invested, Andretti finds itself stuck in neutral. Liberty Media's rejection, citing "no value added," has raised eyebrows and ire across the pond. Enter U.S. lawmakers, led by Rep. John James, questioning Liberty's motives. Whispers of "cartel behaviour" and "money grabs" fill the air as Congress demands answers. 💸 At the heart of the matter: 1) Why deny Andretti with the Concorde Agreement allowing 12 teams? 2) Does the rejection violate U.S. antitrust laws? 3) Did GM's potential market share influence Liberty's decision? 🤔 Andretti, undeterred, continues to build its case. A new Silverstone HQ signals long-term commitment, while Mario Andretti rallies support on Capitol Hill. The stakes are high for both sides. Liberty faces scrutiny over its practices, while Andretti risks missing out on F1's American boom. As the Miami GP looms, the stage is set for a showdown. Will Liberty yield to political pressure, or will Andretti's dream be forced to wait until 2028? The F1 world watches with bated breath as this American saga unfolds. One thing's for sure: when titans clash, sparks will fly! 🏁⚡ #f1 #f12024 #andrettif1 #f1politics #americanracing #unitedstatesofamerica#americanmotorsports #motorsports