Crowe UK to continue as the official accounting services supplier for Andretti Formula E
As the Andretti Formula E team continues its preparations for Season 10 of the ABB FIA Formula E World Championship, the home of the current Driver’s World Champion will continue its partnership with Crowe UK for the 10th season of the World Championship. Since Season 8, the partnership between Andretti Formula E and Crowe UK has demonstrated the commitment of both entities to excellence both on and off the track.
Since the establishment of the partnership in 2021, the Andretti Formula E and Crowe UK relationship has surpassed the traditional sponsorship model and has evolved into a dynamic collaboration of shared knowledge and prowess. The partnership has been pivotal in providing Andretti with expertise to remain compliant with the FIA financial regulations. As a result, Crowe UK has developed vigorous financial accounting and reporting processes that have helped the American racing outfit achieve maximum efficiency under the set financial standards.
National Firm Contribution
The synergy between Andretti Formula E and Crowe UK extends beyond the racetrack. Entering Season 10, the partnership takes another leap forward with the creation of a national firm contribution. This expanded collaboration includes services from Crowe UK’s business solutions in accounting services, the risk team for cost cap and assurance activities, and VAT return completion. Season 10 will also witness the inclusion of services from Crowe UK’s corporate finance and private clients’ teams, addressing emerging risk and compliance areas, considering organizational structures, and delving into driver taxation matters to ensure the highest standards of responsible and efficient spending.
Nigel Bostock, Chief Executive of Crowe UK, expressed appreciation for Andretti Formula E’s commitment to the partnership. “We value the dedication that Andretti Formula E brings to this collaboration, encompassing not only the commercial and marketing teams, but also their active participation in our conferences and joint cross-sector events.”
A Commitment to Comprehensive Support
The partnership between Crowe UK and Andretti Formula E is not merely transactional; it’s a strong relationship built on mutual respect and shared goals. Crowe UK’s involvement goes beyond financial services, encompassing a deep understanding of the team’s operational intricacies and a commitment to addressing emerging challenges in the dynamic world of Formula E.
“We are delighted to further extend and embed our partnership with Andretti Formula E,” commented Bostock. “Our work with Andretti Formula E also presents us with the opportunity to extend our service provision to demonstrate the value of the wider firm. It’s an exciting time to be involved as we continue to grow and extend our advisory services and sustainability agenda working with the championship team.”
As previously announced, Crowe UK will join NAGASE Group, Prysmian Group and the Indiana Economic Development Corporation as brands featured across the No. 1 and No. 17 Porsche 99X Electrics of reigning Formula E World Champion Jake Dennis and series race winner Norman Nato for Formula E’s Season 10. The 2024 season kicks off in Mexico City January 13.
