In part three, we take a good, hard look at Michael Andretti’s decisions at Andretti Autosport.
Michael Andretti made our list too, though for different reasons than either Coyne or Foyt. Andretti’s foremost weakness is his insistence upon pursuing tangential business ventures – failed ventures. Some months ago he was forced to dissolve his race promotion group, which landed Michael in a messy legal imbroglio when his own company sued him. His latest get rich quick scheme? Auctioning off Ryan Hunter-Reay’s Indy 500 winning car, with caveats of course. Mario’s son needs to stick to what he knows – racing – and leave the shady money making ventures to others.
Photo from foxsports.com
His purported promotional prowess involved the ill-fated “race” at NOLA where yet another legal battle ensued following the (thankfully) one and done event. Michael himself called it “a nightmare.” Speaking of horror, Andretti’s company also badly mishandled the world’s oldest race track the Milwaukee Mile, now conspicuously absent from the 2016 schedule. Thank you for that, Michael. Another Andretti pipe dream is a green racing series – talk about an oxymoron! – called Formula E or some such thing. Clearly the distracted reality television celebrity should focus more on his IndyCar team and less on derivative business ventures. They not only lead nowhere, but also detract from his performance as an IndyCar team owner.
It’s not just the risky corporate dealings that need to stop, either. Continue reading