P1racenews AI automatic summary:
Claims 11th F1 entry would hurt existing teams’ value "crazy town talk" – Rodin
Rodin Cars, a company based in New Zealand, submitted their entry to join the F1 grid in either 2025 or 2026. However, they were not chosen by the FIA, and instead, Andretti Global was selected to progress into the final phase. The existing teams are against adding another team, wanting the 11th team to pay a higher anti-dilution fee of $600 million. David Dicker, the founder of Rodin Cars, disagreed with this, stating that the dilution fee doesn’t make sense and adding another team wouldn’t reduce the value of the other teams. He also questioned the teams’ desire for a bigger anti-dilution fee, believing it had nothing to do with growing the sport. Dicker mentioned that it was only Liberty Media and the FIA who brought financial stability to the teams through the cost-cap era.
Source: motorsport
