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5最新开奖结果:Mohammed Ben Sulayem on Twitter.
Sho🦋rtly after, , teamiᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚng up with Cadillac and General Motors.
As expected, ꦐF1 and the teams have been lukewarm towards the idea of an 11th or 12th team coming in.
It is understood that only Alpine - who plan to provide Andretti with engines - and McLaren - whose CEO,𒉰 Zak Brown, has a good relationship w𒁏ith Michael Andretti - are somewhat supportive of Andretti.
The rest of the teams, particularly Mercedes and Toto Wolff, are concerned about how much value a team like Andretti would give 𒈔to the sport.
Other constructors are concerned that they would receive less prize money as a result of more teams being added, arguably putting their own personal inteཧrests ahead of the sport's.
In 2020, as par༒t of the new Concord Agreement, all new entrants must pay a $200 million ‘dilution fund’ to “protect the value of the teams”.
The $200 milli꧃on would help ensure all teams’ revenue remains stable because if additional teams 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 en♕ough.
A figure around $600m to $700m has been reported to better 𓆏represent an entry free into the pinnacle of motorsport as a number of teams have argued that $200m “significantly undervalues” a spot in F1 and cited other examples in American sports, such as NHL, which require a higher fee.
With a sharp eye for F1’s c♌ontroversies and storylines, Connor is the heartbeat of our unbiꦉased reporting.
