A $200million fee for a new team to enter F1 could make a buyout more viable than starting from scratch. That’s the view of Benjamin Durand, co-founder of Panthera, a proposed Asian team who are planning to join F1 when the new regulations are introduced in 2022. Under the terms of the new Concorde Agreement, if a new constructor was to enter F1 they would have to pay the existing teams $200million between them, divided equally. Durand, in an interview with RaceFans, points out that Williams were recently purchased by Dorilton Capital for around $175million – which means taking over an existing team could make greater economic sense. “All the options are on the table,” said Durand,...
Full Story »