Demand for a "correct proposal" to appease existing 10 F1 teams
A big fear surrounding Andretti’s proposed entry was how an extra team would cause the 10 existing teams to pocket less cash through prize money.Get the latest F1 news, exclusives, interviews and promotions from the paddock direct to your inboxGeneral Motors-backed Cadillac now have the green light to become the 11th F1 team from 2026.
“I don't think there's actually any defined amount of dilution fee. I think that's a part of a ‘26 Concorde, which hasn't been ratified at this point.“What we have to do now is grow the sport sufficiently and need to be aware of that in order to make things good for everyone.” “What I still maintain, and it's there, and it's in the answer to the previous question, is this will have a large financial impact on existing teams.RB boss Laurent Mekies added: “Echoing what James said, I think all together it's a fantastic sign for the sport.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
F1 must 'put forward correct proposal' for Cadillac anti-dilution feeFormula 1's anti-dilution fee exists to stop current teams losing a small percentage of prize money with 11th team
Read more »
The huge anti-dilution fee GM has agreed to pay for F1 entryGeneral Motors will reportedly pay F1 an eye-watering fee to enter the world championship.
Read more »
General Motors registers as F1 power unit manufacturerPlan is for Cadillac to become a full works team - but not immediately
Read more »
General Motors' Cadillac Joins Formula One in 2026General Motors, under its Cadillac brand, is set to compete in Formula One racing starting in 2026, marking a significant expansion of the sport into the US market. F1 has reached an agreement in principle with the US carmaker, making Cadillac the 11th team to join the series. This move underscores the growing appeal of F1 as a lucrative investment opportunity, especially due to spending limits that protect shareholders from excessive costs.
Read more »
Cadillac set to capitalise on little-known F1 'loophole' to give them 'major advantage' in 2026Cadillac and General Motors have agreed a deal in principle to join the Formula 1 grid in 2026.
Read more »
Cadillac F1 driver wishlist revealed as Aston Martin receive surprise offerTuesday's fast-paced F1 news is go, go, go!
Read more »