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The Andretti case continues to worry fans and Formula 1. In a Sky poll in England, 80 percent were in favor of an eleventh team. But the ten teams continue to fight tooth and nail. A team manager: “It’s like ten breweries put on Oktoberfest – and now an eleventh comes along wanting a beer tent.”
Red Bull boss Christian Horner: “If Andretti had bought Sauber two years ago, we wouldn’t have had a problem now.” At the time, the owners reportedly turned down the $300 million offered. According to experts, Sauber’s current value is $810 million. Horner: “Six teams are certainly worth more than a billion.”
Formula 1 boom
The boom in Formula 1 and the constant increase in the billion-dollar pie shared among the ten teams is growing by almost ten percent every year. Team owner Lawrence Stroll: “It is clear that they do not want to stop this process now.”
But Michael Andretti wants to come no later than 2025 (maybe even with a woman, Jamie Chadwick). After that, the entry fee will be increased from 200 to 600 million dollars. Thanks to the new Concorde Agreement, which gives the FIA the power to set the rules. Not anymore.
Marketing rights sold to FOM
Formula 1 is an FIA championship, but has no shares. In 2011, she sold the marketing rights for 100 years to FOM (Formula One Management – then boss Ecclestone) for $ 360 million.
The owners of Liberty Media (USA) and general manager Domenicali could in theory do without the FIA. Then chaos would be perfect. Because the world association FIA would ban all organisers, routes and companies that participate in a pirate series from all other motorsport series.
Source : Blick
I’m Emma Jack, a news website author at 24 News Reporters. I have been in the industry for over five years and it has been an incredible journey so far. I specialize in sports reporting and am highly knowledgeable about the latest trends and developments in this field.
