The FIA's decision to approve Andretti for a spot on the F1 grid as the 11th team could cost the existing team's '$11 million per year'.
Andretti has received the green light from the FIA.
The FIA not only assessed the team’s sporting and technical ability but also their finances and whether they’d have the backing to compete at a sustained competitive level.first part of Andretti’s applicationAnd already it is fair to say the tone is very negative with the majority of the team bosses against an 11th team. That largely is because of money.
However, the former HRT driver points out this could be made up by increasing the anti-dilution fund with suggestions earlier this year that it could be tripled from $200 million to $600m. “I think the key question, though, is who is going to pay because if the teams are asked to pay for it, that is going to become a problem amongst the 10 teams,” he said.
He went onto say it’s easier for the FIA to say yes to an 11th team as they aren’t the ones losing money.
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