FOM's statement on Wednesday afternoon was as detailed as it was blunt about what it felt were the Andretti Cadillac bid's shortcomings.
It felt there was little chance Michael Andretti's team would reach an acceptable level, in which case it didn't see any added commercial value in having it on the grid, famous name or not.
It also dismissed the idea of Andretti entering in 2025, therefore having to build cars both for this regulations cycle and the 2026 reset within two seasons, as naive.
Andretti can't be competitive
FOM's main thrust is that an 11th team would not bring added value to F1 nor raise significant interest unless it were to reach a degree of success, such as vying for podiums in the mid-term.
It is clear that if this is what it takes to be accepted, joining F1 is a non-starter for any hopeful entrant. In recent history, only Haas has 'successfully' survived as a new team, but it has yet to improve on its best grand prix result of fourth in 2018's Austrian Grand Prix, and it finished dead last in 2023's constructors' standings.
Haas did finish sixth and fifth in its first two grand prix in 2016 but did so with a much more off-the-shelf business model that would now no longer be admitted. The gaps between the existing 10 teams have also decreased dramatically, making for a much more competitive barrier to entry.
Source: Autosport