F1 bosses hope ♉that Cadillac’s arrival won’t result in a diluted pot of prize money.

A big fear surrounding Andretti’s proposed entry was how an extra team would cause the 10 existing teamsꦇ to pocket less cash through prize mon꧟ey.

General Motors-backed Cadillac now have the green light to become the 11thꦕ F1 team from 2026.

The F1 Concorde Agreement lays out a fee which any new team must pay t⛄o compensate the 10 exi🦋sting teams for the added competition to earn money, but there is now agreed fee for 2026 yet.

Williams boss James Vowles reacted: “It's a sign of how well 💜th🍸e sport is doing that we have a major OEM like GM joining us. I think it's just a sign of the growth, a sign of where Formula 1 is going.

“I don't think🐬 there's actually any defined amount of dilution fee. I think that's ඣa part of a ‘26 Concorde, which hasn't been ratified at this point.

“What🌌 I've said all the way through is it will have financial loss for existing teams🐎.

“What we have 🐠to do now is grow the sport sufficiently and need to be aware of that in ord𒅌er to make things good for everyone.”

Vowels, who was against Andre♌tti’s initial attempt to enter F1, clarified his view: “So there's two things I said. I think it was actually heꦑre a year ago. But one of them was we welcome GM open-armed, and they still maintain that.

“It's a large brand that comes with it, a 🃏different significance to an ꩲindependent body that's joining us at our point.

“What I still maintain, and it's there, and it's in the a🌸nswer to the previous question, is this will have a large financial impact on existing teams.

“But Form🎃ula 1 are aware, and it's down to them to pꦺut forward a correct proposal.”

RB boss Laurent 💜Mekies 🐲added: “Echoing what James said, I think all together it's a fantastic sign for the sport.

“ওI🦹t's going to be pretty much all car manufacturers probably, except for Williams and us. You know, even Haas is also linked to a car manufacturers now.

“So it's a batt𝐆le of giants, and it's anot🙈her sign that the sport is going towards the direction of a battle of giants.

“And the details of the financials, they are still under discussion, and hopefully they become small in the big picture of where the sport can go 🍷for its nꦑext level.”

Aston Martin’s Mike Krack said: “This came a little b♑it by surprise 🦂or came a little bit unexpected. And I do not have so much information about it, to be honest.

“So I think we have to trust F1 the😼re, FIA, how tꦰhis is going to go.

“I don't know about what payments are being made🏅 or have t🌊o be made. I think this will have to be defined going forward.

“So, yeah, I can't say much except that, yeah, we wil💖l have to trust F1 that this is going the way it should g𒁏o.”