F1 boss Stefano Domenicali hinted that existing teams could get their alleged wish of a far increased entry fee for new teams. F1
With Formula 1’s existing teams said to want the FIA to triple the entry fee for new teams, F1 chief Stefano Domenicali has hinted that could be on the cards.
However, with Formula 1’s global appeal on an upward swing in recent years, there has been renewed interest from various outfits in becoming the sport’s 11th team, that led by Andretti Cadillac. The anti-dilution fund is money that is payable by all new teams and it is designed to compensate the existing teams for loss of earnings as F1’s newest Concorde Agreement rewards prize money to all the teams unlike in yesteryear when it was just the top ten.While the Italian didn’t name a figure, he told a meeting of F1 investors that the $200m that had been previously set didn’t take into account how sharply the “value” of Formula 1 would rise.
“But the evaluation has to be done together to see from the technical perspective, from the sporting perspective, for the financial stability, and to make the bigger picture, if a new team will give value to the league, to the sport. And there will be a different position.
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