Why $200m won’t convince teams on Andretti’s Formula 1 plans

Record TV figures, a sell-out crowd and an influx of star power helped make it one of F1’s biggest events to date, further laying the foundations for the expansion to three American races next year once Las Vegas joins the calendar.

But for Michael Andretti, more needs to be done to grow American interest in F1 by getting a team and a driver on the grid. Since his father, 1978 world champion Mario, revealed plans back in February, Andretti has been working to secure an…