F1’s reasoning is “Andretti won’t be competitive and Andretti’s reputation will benefit more than ours if he has an F1 team”

Yeah, just like being a perennial loser did so much good for the Williams legend, right?

Or similar to how winning nothing in F1 for years really buoyed Ferrari’s brand, I suppose?

I would like to know the actual reason for the rejection, given that the stated reasons are transparently false.