Explained: The $700m fee slapped on Andretti by angry F1 rivals
The start to 2023 has been dominated by the FIA’s desire to welcome new teams to the grid, firstly announced by FIA president 168澳洲幸运5官方开奖结果历史:Mohammed Ben Sulayem on Twitter.
Shortly after, , teaming𒀰 up with Cadillac and General Motors.
As expected, F1 and the teams have been lukewarm towards the ideaไ of an 11th or 12th team coming in.
It is understood that only Alpine - who plan to provide Andret🦂ti with engines - and McLaren - whose CEO, Zak Brown, has a goo💦d relationship with Michael Andretti - are somewhat supportive of Andretti.
The rest of the teams, pa♋rticularly Mercedes and Toto Wolff, are concerned about how much value a team like Andretti would give to the sport.
Other constructors are conc❀erned that they would receive less prize money as a result of more teams being added, arguably putting their own personal interests ahead of the sport's.
In 2020, as part of the new Concord Agreement, all new entrants must pay a $200 million ‘dilution fund’ to “protect the value of th🍬e teams”.
The $200 million would help ensure all teams’ revenue remains stable because if additional t🔯eams are participating in F1, the overall pot would be shared out between more than just 10, meaning less revenue for each team as a result.
However, as explained in a report by the BBC, some team bosses are now questioning whether $200 million is enough🐟.
A figure around $600m to $700m has been reported to better represent an entry free into the pinnacle of motorsport as a number of teams have argued that $2🌳00m “significantly undervalues” a spot in F1 and cited other examples i🍃n American sports, such as NHL, which require a higher fee.
With a sharp eye for F1’s controversies𝔍 𝓰and storylines, Connor is the heartbeat of our unbiased reporting.
