F1 entry fee: Why do new teams have to pay a whopping $200m fee to enter?

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F1 entry fee: Why do new teams have to pay a whopping $200m fee to enter?
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Ever wondered why any new F1 team must pay $200 million to join the sport?

Michael Andretti with hiswants a spot on the Formula 1 grid. And he’s ready to throw everything at it.

It has Andretti’s potential future rivals running scared as they’re foreseeing a dip in their earnings. Fred Vasseur, formerly of Alfa Romeo, added: “We don’t need to welcome new teams, risking two or three teams on the grid.” “It would have curtailed teams like Jordan entering Formula 1,” he said. “Jordan came through Formula 4, Formula 3 and 3000 and won all the races in those categories to be able to get the superlicence to move forward. This stops all of that, so I’m wholly against it.”Formula 1’s prize money is divided into three columns, the first being the CVC revenue which is otherwise known as Column A.

FIA president Mohammed Ben Sulayem is very much in favour of including the Andretti-GM partnership on the grid and even opened a new Expression of Interest process to find as many as two new teams., the 61-year-old added: “It is surprising that there has been some adverse reaction to the Cadillac and Andretti news.

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