That is according to ex-F1 driver and Sky pundit Karun Chandhok, who has revealed information he receivꦛed from an anonymous team principal.

Reacting to the news that Andretti have been given the green li▨ght by the FIA to join the grid and become F1’s 11th team, Chandhok wrote on X (formerly Twitter)ℱ: “Would like to see them on the grid! More cars is good for F1 & young drivers.

“Told by one TP that existing teams would lose $11 million per year by slicing the pie 11 ways. If ൲Andretti are willin🀅g to put in the $600 million to compensate the teams, that covers them for 5 years.”

The F1 prize pot gets distribute🍸d between the 10 competing teams as per the terms of🌄 the current Concorde Agreement.

More money is dished out to the teams who finish higher in the constructors’ championship, with those towards the bottom receiving a sm🌼aller slice of the pie.

The addition of an 11th team would mean the prize pot would have t✨o be split further, resulting in less💫 money to go around.

Could this prove to be one of the main hurdles still stand🍒ing iღn Andretti’s way?

The American outfit’s hopes of j෴oining the gr✅id now rests with F1, who are in the process of considering their application.

F1’s assessment on whether or not to grant entry to A🍸ndretti is set to be a determined by commerci🌌al terms.

Andretti’s quest to b🗹ecome an 11th team has already received a mixed reaction from existing teams.