P1racenews AI automatic summary:
What’s the real prize money impact for F1 teams if Andretti joins the grid
Formula 1 is currently divided on the issue of expanding the grid to include an 11th team. The FIA supports the idea, seeing it as a positive move and an opportunity to bring in the Andretti-Cadillac operation. However, the existing teams are opposed to the expansion, as they believe it will not bring any tangible benefits and may lead to financial uncertainty. FOM, the commercial rights holder, is somewhat neutral on the matter and will only decide in favor of Andretti if it proves beneficial for F1 as a whole. The resistance from the current teams is likely to play a significant role in deciding the final outcome. Some teams fear that adding another squad to the grid could jeopardize their own future, particularly due to financial concerns. Williams team principal James Vowles expressed the precarious financial situation of his team and emphasized the potential negative impact of losing prize money. The exact breakdown of prize money in F1 is kept confidential, but it is estimated that teams receive around 50% of the overall commercial rights profit generated by the sport. However, this percentage may vary depending on FOM’s revenue share. In 2022, team payments amounted to approximately 45% of the total income, with Ferrari receiving an additional payment due to its historical significance.
Source: motorsport
