Mo money, mo problems: Andretti still have a fight to get into F1

American racing team Andretti passed the FIA's initial application process to join the F1 grid, but they still have hurdles to pass

-

F1’s current teams could be facing an $11 million deficit per year, should Andretti eventually come into the sport, as teams will now have to pay more to compensate for an 11th member of the grid.

The recent announcement by the FIA that American motor racing team Andretti, have been given the green light into F1, but there is still no guarantee that the American outfit will get in, as the ball now lays in the park of current F1 teams.

Former Marussia driver, and current Sky Sports F1 presenter, Karun Chandhok, indicated that Andretti‘s entry into F1 could cost the existing teams millions.

“Would like to see them on the grid! More cars is good for F1 & young drivers,” Chandhok said on X, formally Twitter.

“Told by one TP [team principal] that existing teams would lose $11 million per year by slicing the pie 11 ways. If Andretti are willing to put in the $600 million to compensate the teams, that covers them for five years.”

F1 teams opposed to Andretti

Any new entry into the F1 grid must first pass a series of assessments from the FIA, along with gaining approval from existing F1 teams. Long time rivals Mercedes and Red Bull, seem united in rejection of this proposal, along with six others in the paddock.

Red Bull team principal Christian Horner seemed to back up Chandhok’s point, further adding that only two teams – McLaren and Alpine – stand in favour of Andretti joining F1.

“At the moment, there are only two teams that agree [to the Andretti entry],” Horner told the media. “One is Andretti‘s partner in IndyCar [McLaren] and the other one maybe will provide them with the engine [Alpine], so of course they will support it.

“But I think for the other eight it will come down to whether the percentage of the prize money that the ten teams currently depend on, will be on them.”

Andretti are the only team to be accepted by the FIA as a prospective F1 team, with the likes of Rodin, Hitech and Lky Sunz having failed the initial application process.

The current Concorde Agreement expires at the end of the 2025 F1 season, with new negotiations between American owners Liberty Media and the FIA set to begin soon. The Andretti topic is set to be the main talking point of the renegotiations.

- Advertisment -

LATEST NEWS

London E-Prix Results 2024 – Formula E Round 16

0
Pascal Wehrlein emerged victorious in one of the most dramatic races in Formula E history, securing his maiden Drivers'...

Max Verstappen escapes crash penalty: Blames Lewis Hamilton

0
Max Verstappen blames Lewis Hamilton for turning in too early for their Hungaroring crash on July 21 as the...

F1 Standings after 2024 Hungarian Grand Prix

0
Oscar Piastri secured his first Formula 1 victory at the 2024 Hungarian Grand Prix amid internal McLaren drama with...

Wehrlein wins 2024 Formula E title after gripping London E-Prix

0
An unbelievable end to the 2024 Formula E season saw Pascal Wehrlein crowned champion at the London E-Prix after...

Formula E 2024 LIVE: London E-Prix Finale – Wehrlein becomes champion after huge drama

0
Welcome to this Total-Motorsport.com Formula E LIVE BLOG for Round 16 from the 2024 London E-Prix! This Sunday, we bring you real-time updates,...

Norris blames McLaren for team orders debacle: Issues warning

0
Lando Norris blamed McLaren for the team orders chaos at the 2024 Hungarian GP as he waited until Lap...

F1 2024 Hungarian GP – Fastest Lap

0
George Russell set the fastest lap of the 2024 Hungarian GP with a 1:20.305 on a weekend when he...

Oscar Piastri Takes Debut F1 Victory at Hungarian GP Amid McLaren Drama

0
Oscar Piastri has clinched his first-ever Formula 1 victory at the 2024 Hungarian GP, after a dramatic race filled...

F1 2024 Hungarian Grand Prix – Race Results

0
The 2024 Hungarian Grand Prix race weekend took us through the midpoint of the Formula 1 season, and Oscar Piastri took the chequered flag to...

F1 LIVE: 2024 Hungarian GP – Piastri wins after Norris finally follows team orders

0
Welcome to this Total-Motorsport.com F1 Live Blog for the 2024 Hungarian GP! This Sunday, we bring you real-time updates,...
- Advertisment -
Exit mobile version