2022 Formula 1 Thread

DLSTR · 05-13-2022, 02:19 PM

Mario Andretti confident in bringing 11th F1 team to grid in 2024 but money dispute could scupper bid

Mario and Michael Andretti want to bring 'Andretti Global' team to grid in 2024; The plan is for the team to have American drivers and an American-built car, although other teams say there has to be a change to the prize fund structure to agree to an 11th team

What's the issue with F1 adding 11th team?

With none of the 10 franchises up for sale, Andretti has to persuade the sport to allow an 11th team.

The problem with that for the current teams is that they currently split the prize fund among the 10 entries, and so an 11th team - without a change in the structure - would essentially be costing them money,

"It makes total logical sense to say that the 10 teams or 10 franchises have an intrinsic value and you dilute that by increasing the number," said Red Bull principal Christian Horner.

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05-13-2022, 02:19 PM	#11 (permalink)
DLSTR A True Z Fanatic Join Date: May 2011 Location: Süd Germany Posts: 2,462 Drives: 21Supra 2.0/22 M240i Rep Power: 21269	Mario Andretti confident in bringing 11th F1 team to grid in 2024 but money dispute could scupper bid Mario and Michael Andretti want to bring 'Andretti Global' team to grid in 2024; The plan is for the team to have American drivers and an American-built car, although other teams say there has to be a change to the prize fund structure to agree to an 11th team What's the issue with F1 adding 11th team? With none of the 10 franchises up for sale, Andretti has to persuade the sport to allow an 11th team. The problem with that for the current teams is that they currently split the prize fund among the 10 entries, and so an 11th team - without a change in the structure - would essentially be costing them money, "It makes total logical sense to say that the 10 teams or 10 franchises have an intrinsic value and you dilute that by increasing the number," said Red Bull principal Christian Horner.