Domenicali hints at increased entry costs for new F1 teams

'It's our duty to make sure that we protect the business the best way that we can, and have a bigger picture.' 🗣️ F1 CEO Stefano Domenicali has hinted that the cost of entry for new teams is likely to rise above the currently prescribed level ⬇️

The incumbent teams have been pushing for a new number that in effect equates the cost of entry with the theoretical value of an existing operation, with figures as high as $600m being mentioned.

"The process of having another team has been launched by the FIA," Domenicali told F1 investors."In our governance, in our Concorde, there's a possibility to do it. "Today the situation is totally different, for sure. And it's our duty to make sure that we protect the business the best way that we can, and have a bigger picture."is the best known, Domenicali stressed that several potential entrants have indicated an interest.

"As always in life someone has to make that evaluation. And we're part of this process, and we're going to do the right thing at the appropriate time through this year."

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