P1racenews AI automatic summary:
What’s next for Andretti’s F1 entry – and could it fall at the final hurdle?
light” to proceed with discussions about joining F1, now faces the challenge of negotiating a deal with Formula One Management (FOM). The existing teams, who have their own vested interests, are skeptical about allowing a new team to enter under the current anti-dilution fee set out by the Concorde Agreement. This fee currently stands at $200 million, which a new team must pay in full to be admitted to the grid. The existing teams believe that this fee should be raised to around $600 million to account for the expanding value of each team. Some teams might accept a new entrant if it benefits the overall F1 ecosystem, while others believe that only by buying an existing team can F1’s current equilibrium be preserved. Andretti had previously attempted to purchase Sauber in 2021 but could not agree on control terms. While the FIA is in favor of adding a new team, FOM has taken a more cautious stance, emphasizing the need for the team to add value to the championship. Despite these challenges, Andretti is determined to secure a place on the F1 grid.
Source: motorsport
