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America edges closer to gaining a second F1 team after Andretti Autosport 'receive HUGE financial backing from private equity firm... and company will cover entire $200m entry fee to get them on the grid'.
The group, led by Michael Andretti - son of former F1 champion Mario - currently has teams in various series, including IndyCar, Formula E and Extreme E, but has yet to break into the F1 market.
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