The possible future entry of Andretti into Formula One continues to create discussion as multiple Team Principals have been expressing their opinions and doubts regarding the enlargement of the grid due to financial reasons.
In the past years the dream of seeing the Andretti surname, although as a team and not as drivers, became always closer to a concrete reality. Yet, while the commitment from the American family is certainly secure, the uncertainty lies around the Circus and the teams’ acceptance of a new rival.
In particular, various Team Principals expressed how the entrance of one more team in the Championship would mean a financial loss for the others. As reported by Motorsport.com, Mercedes Team Principal Toto Wolff clearly explained the concerns: “So it needs to be accretive. If a team comes in, how can you demonstrate that you’re bringing in more money than it’s actually costing? Because the 11th team means a 10 per cent dilution for everybody else.
The value of Formula 1 is that it’s a limited amount of franchises. And we don’t want to dilute that value by just adding teams.”.
As things stand each team receives a set amount of money plus a prize based on their place in the Constructors’ Standings from Formula 1. An exception is also created by Scuderia Ferrari as Maranello receives a bonus for the added value of its presence in Formula 1.
Agreeing with Wolff, Red Bull Team Principal Christian Horner admitted his doubts, as reported by GP Fans: “You know, theoretically, it should be a Liberty [Media’s] issue to address if they want new teams to come in. And to expand the number beyond 10, then fiscally, it was always going to come down to a question of how does that affect the distribution of the prize fund? So, money is ultimately going to be a significant factor.
Ultimately, I see a question really for, you know, for the promoter, that if they want more teams, they’re obviously going to have to dilute their share of the fund, because it would be unfair to expect the other teams to pay for the additional new entrants to come in indirectly.”
Andretti would be the second American team on the grid alongside Haas but little support also came from Haas Team Principal Gunther Steiner: “As businesses, I think, first of all, we have got in the moment 10 stable teams, which for a long time was not possible in F1, or was not happening in F1. Now, for five years, everything is pretty stable, very good. And why would the 10 teams say we will dilute our value to bring somebody new in, you know, what’s in it for us? We have been here a long time.
So I mean, if FOM wants to distribute more money or something that is another discussion, but just to have more teams, more doesn’t mean being better.”
Headline Image: Haas F1 Team Media
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