It is about the admission of new teams: the biggest noise in Formula 1

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At the end of July, the FIA’s assessment process for the participation of one or even two new teams was completed. The teams reject an increase in the starting field because it dilutes the sport. But the teams are not allowed to vote.

Only the management of Formula 1 can veto after the commercial investigation, but must provide good reasons. It’s no secret that Formula 1 bosses have serious doubts about the two most popular candidates.

These are the 4 candidates

Which four teams hope? In addition to the “favourites” Andretti and Hitech, Lucky Son from Hong Kong and Rodin from New Zealand also applied.

The last two interested parties can write off Formula 1. The Hitech Formula 2 team suspects that former Haas financier from Russia, Mazepin, is behind it. And with Andretti, who also wanted to buy Alfa-Sauber, you know that he wants to manage the team from the US.

$200 million or more?

It was previously believed that a new team would have to put up $200 million in sign-on money. This would then be divided among the ten teams, who would later have to divide the billion pie by eleven.

Apparently they are now asking for $500 million to scare off applicants. One thing is clear: it will be a heated battle between Formula 1 director Stefano Domenicali and FIA president Mohammed bin Sulayem.

Source : Blick