P1racenews AI automatic summary:
A proposal has been sent to the FIA and F1, offering an alternative route for new prospective teams to join the grid from 2026 onward.
Formula 1 and the FIA have received a significant proposal for introducing a new team without impacting the current teams’ prize funds. The bid by Andretti was initially approved by the FIA but later rejected by F1 due to perceived lack of value. Talks are ongoing between Andretti, GM, and F1 CEO Stefano Domenicali to resolve the situation. If Andretti’s entry is not successful, an alternative proposal by Tim Milne and Lewis Butler aims to allow up to three new teams to join but not as constructors, focusing on specific regions and revenue development. The proposal includes using approved engineering tools, a single chassis supplier, and revenue expansion requirements over the first three years. The ultimate goal is to provide a pathway for new teams to attain constructor status.
