P1racenews AI automatic summary:
Rumour floated about financial loss teams may suffer if Andretti join F1
Former F1 driver Karun Chandhok has shared information from an anonymous team principal stating that existing teams would lose $11 million per year if the prize pot is divided among 11 teams. However, if Andretti puts in $600 million to compensate the teams, it would cover them for 5 years. Currently, the F1 prize pot is distributed among the 10 competing teams based on the Concorde Agreement, with more money going to higher-ranking teams. Adding an 11th team would mean further dividing the prize pot, potentially resulting in less money for each team. Whether or not Andretti will be granted entry into F1 now depends on F1’s assessment of their application based on commercial terms. Existing teams have had a mixed reaction to Andretti’s quest to join the grid.
Source: Crash
