For the reason that Manor group’s demise on the finish of the 2016 season, F1’s subject has been decreased to 10 groups, however in that point the league has skilled a considerable industrial increase. It has triggered varied events to publicly declare their want to hitch the F1 grid, with Michael Andretti’s Andretti World being probably the most well-known. The sector is presently set at 10 groups, and the FIA has but to publicly point out that it intends to contemplate evaluating potential new groups by way of a bidding course of.
Nonetheless, FIA President Mohammed Ben Sulayem confirmed that he was talking together with his workers about beginning the method to permit new groups to hitch the grid in a tweet posted on Monday from his official account. Within the tweet, it was mentioned that “I’ve directed my FIA group to look into beginning an Expressions of Curiosity course of for potential new groups to the FIA F1 World Championship.” A taker like Andretti might finally be a part of the F1 grid due to the beginning of a proper course of, however there would nonetheless be various hurdles to beat.
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Andretti’s makes an attempt to hitch the grid have up to now met with resistance from lots of the present groups who assume it might be commercially advantageous for F1 as an entire. Solely McLaren and Alpine have brazenly backed Andretti’s initiatives. The groups have divided prize cash from F1 income into 10 equal elements beneath the Concorde Settlement which was signed in 2020, so the inclusion of an eleventh group could end in a smaller stake for them. To counter this, the Concorde Settlement included a dilution fund that required any new entrants to the grid to pay $200 million to hitch, to be divided among the many different groups.