McLaren CEO Zak Brown has confirmed teams wishing to join the Formula 1 grid would be required to pay a $200 million fee. With the introduction of vastly changed aerodynamic regulations in 2022 and a budget cap, it is widely expected that interest will spike from new teams wishing to join the Formula 1 grid. Article continues under video However, in a bid to protect the "franchise value" of existing teams, the $200m fee will be split between existing teams while also being used to prove entrants have the financial power required to compete in the category. “I think that’s what that $200m is intended to do is to protect the value of existing teams," said Brown."...
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