Michael Andretti hands over control of race team to business partner. Formula 1 plans in limbo

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 61 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 63%

Michael Andretti News

Andretti Global,Roger Penske,Dan Towriss

Michael Andretti has restructured Andretti Global to give co-owner Dan Towriss control of the organization while Andretti will stay on as a strategic advisor...

Michael Andretti has restructured Andretti Global to give co-owner Dan Towriss control of the organization while Andretti will stay on as a strategic advisor of the team he has led since 2002.

The comments infuriated Penske, and his leadership group slowly began dealing more directly with Towriss. The amplification of the resentment between Andretti and Penske grew as the season went on and in late August, Andretti leadership noted there was a clear conflict of interest when Penske driver Josef Newgarden gamed the final restart at Gateway outside St. Louis to win the race.

Andretti and his father, Mario, in 2021 formed a special purpose acquisition company that was separate from Andretti Global and called Andretti Acquisition. The SPAC was designed raise cash in an IPO to buy and take public another business. British Columbia is home to breathtaking natural attractions and unique arts and culture experiences that bring the world to our doorstep. Tourism is important to Canada's economy and creates good jobs in communities, from major city centres to rural and remote areas, to Indigenous communities. In the Lower Mainland, tourism business owners, operators and entrepreneurs have ambitious plans and PacifiCan is here to support those ambitions.

Dow Jones Off Session Lows As Market Starts Focusing On Jobs Report; Nvidia Falls But Trump Media Jumps

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Michael Andretti hands over control of race team to business partner. Formula 1 plans in limboMichael Andretti has restructured Andretti Global to give co-owner Dan Towriss control of the organization while Andretti will stay on as a strategic advisor...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Premarket: Global shares trade higher on moderate optimism about tech companies and global economyEuropean stocks touch record intraday high
Source: globeandmail - 🏆 5. / 92 Read more »