Michael Andretti Transfers Control of Racing Team

Michael Andretti has restructured Andretti Global, transferring operational control to co-owner Dan Towriss while remaining as a strategic advisor. Towriss, CEO of Group 1001 and a significant sponsor in IndyCar, has been instrumental in expanding the team and supporting Andretti's aspirations to enter Formula 1. The partnership began with a sponsorship deal involving driver Zach Veach, which evolved into Towriss acquiring co-ownership. Andretti is still listed as CEO and chairman, but the transition marks a shift towards a more strategic role for him. Tensions have risen between Andretti and IndyCar owner Roger Penske over funding and promotional efforts for the series. Further details on the organizational changes are expected as Andretti and Towriss communicate with the team.