Michael Andretti has set the document straight about proudly owning an IndyCar staff once more, a 12 months after departing the sequence. The racing legend was just lately linked with a potential curiosity in shopping for PREMA Racing, which is going through monetary difficulties after just one season in IndyCar.
Andretti stepped down as chairman and CEO of Andretti World in September 2024, shortly after the IndyCar season concluded. He handed the reins of his namesake group to enterprise companion Dan Towriss, who assumed majority management.
In 2025, the racing icon was seen solely as soon as within the IndyCar paddock on the season-opening Grand Prix of St. Petersburg. Nonetheless, reporter Marshall Pruett just lately shared that he’d heard rumors within the paddock about Michael Andretti possibly exploring buying a stake in PREMA Racing, which is on the lookout for sponsorships to remain afloat in IndyCar.
The 1991 CART champion put an finish to these rumors by way of an X submit on Tuesday (October 21).
“Simply to set the document straight, I’ve no intention what so ever to develop into an proprietor of an INDYCAR staff,” Andretti wrote.
Andretti stepped other than Andretti World in 2024 to ease the staff’s entry into F1. There was reportedly some tension between Formula One Management and him, due to which his F1 bid, which is now the Cadillac F1 staff, wasn’t given the inexperienced gentle for an F1 entry. As soon as he stepped apart, companion Dan Towriss fast-tracked the undertaking and received a provisional sure from F1 for the staff’s 2026 entry.
As for the opposite aspect of the coin concerning the latest rumors, PREMA Racing can be rumored to be eyeing a full sale of the IndyCar staff for round $20-25 million. Co-team proprietor Deborah Meyer reportedly invested over $40 million for the staff’s rookie season.
Michael Andretti’s ‘no complications’ expertise of IndyCar after retirement
Michael Andretti was pleasantly shocked along with his expertise of his first IndyCar race weekend as a fan and never a staff proprietor. When he attended the 2025 Grand Prix of St. Petersburg, many acquainted faces within the paddock advised him he appeared “completely satisfied”.
Andretti, the winningest driver within the CART period of IndyCar, additionally had no schedule or targets to fulfill that race weekend, which made the expertise more bizarre.
“No complications. It’s bizarre that I’ve no schedule,” Andretti mentioned by way of AP Information. “I’m not used to it, like, I don’t know what to do. I’m completely satisfied. All people is telling me I look completely satisfied. I didn’t know I used to be that depressing after I was right here earlier than.”
Although Michael Andretti is not a part of IndyCar or the Cadillac F1 undertaking, his father, Mario Andretti, the director of the F1 staff, has credited the 63-year-old for birthing the project that’s anticipated to develop into a powerhouse staff with true American roots as soon as it settles down on the pinnacle of motorsport.
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Edited by Yash Kotak
