Most of the F1 teams really don't want to see a new name on the grid...
F1 teams pushing to make it even harder for new teams to join – reportFormula 1’s existing 10 teams are reportedly pushing for a massive increase in the sport’s entry fee, said to be wanting that to go up from $200 million to $600m.It is designed to compensate the existing teams for loss of earnings under F1’s newest Concorde Agreement which rewards all the teams, rather than only those that finish inside the top 10 as was the rule in yesteryear.
At present the money the teams receive is divided by 10 but any new teams mean it would be split between 11 or even 12, the number of teams that the FIA is pushing for. But in what could be seen as a bid to keep the number down to 10, most notably blocking Michael Andretti and his recent link-up with General Motors from a spot on the grid, the teams are said to be wanting the anti-dilution fund fee to increase from the current $200m to $600m.
‘Now, just as the FIA prepares to open the expressions of interest process and the likes of Andretti ready a formal bid, there is talk of raising the anti-dilution fund to as much as $600m as part of the new Concorde Agreement that needs to be agreed for 2026 onwards. ‘In arguing for this figure, multiple sources drew comparisons to the cost of getting new franchises in US competitions like Major League Soccer and the National Hockey League .PlanetF1.com recommends
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