P1racenews AI automatic summary:
Boss Frederic Vasseur has urged caution for F1 as bosses prepare to negotiate the new Concorde Agreement for 2026 – and the thorny issue of new teams.
Team principals Frederic Vasseur and James Vowles have expressed their concerns about the financial stability of Formula 1 teams and the potential expansion of the grid. Vasseur believes that the sport is not learning from past mistakes and is worried about the financial uncertainty caused by constant changes. He argues that increasing costs and diluting incomes could have negative consequences for the teams in the long run. Vowles, on the other hand, acknowledges the possibility of an 11th team but highlights the importance of first attaining financial stability for the existing teams. Both team principals agree that the decisions regarding the future of Formula 1 should be made with careful consideration and caution to avoid further destabilization.
