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Potential new F1 team to invest hundreds of millions in headquarters

One of motorsport's biggest names is investing in a new state-of-the-art HQ in preparation for a potential entry into Formula 1.

Andretti Autosport's parent company, Andretti Global, have announced they are to build a new motorsport headquarters in Indiana, as the team try to enter Formula 1. The $200 million, 575,000 square foot facility will be located in Fisher, Indiana, close to the Metropolitan Airport, and is due be operational by 2025, creating over 500 new jobs in the local community. Andretti's current IndyCar, IndyLights, Formula E and IMSA programmes are to be based in the new facility, along with "other future racing initiatives", according to a team statement. The company's Research and Development arm will also be housed in the new facility. Andretti are posturing to enter F1 as an 11th team from as early as 2024, although there has been pushback from some of the more established outfits on the current grid.

Andretti aims to "expand diverse racing portfolio"

"Indiana holds an important place in the history of racing, and in my career as a driver and an owner," explained chairman and CEO Michael Andretti. "Over the past 20 years, I've worked to expand our operations and I'm proud of our steps to create a diverse racing portfolio. "Our current facility has served us well. Our team has expanded in both competition and commercial areas and our people deserve the best environment and resources available. "I'm excited to have so many of our teams under one roof as we continue to build and grow. "For us, it's about more than just having somewhere to work on the cars; it's about having a global motorsport home and sharing that with our people, our fans and our sponsors to advance the sport and leave a lasting legacy."

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