text:  The Formula One management rejected Andretti's bid, arguing the proposed U.S. team would not bring enough value to the series or likely be that competitive. They said Andretti could reapply for 2028. The decision was not popular with some U.S. racing fans or on Capitol Hill. Michigan Congressman John James, whose state is home to GM, maintains that preventing the U.S. team from entering Formula One is more about F1 owners not wanting to split profits from races with a new entrant.