Any new teams looking to enter the FIA Formula 1 World Championship from 2021 will have to pay an advance of $200 million (£156m) to rival teams as part of a ‘Dilution Fund'. McLaren CEO Zak Brown believes the arrangement is intended to protect the current teams – much like Williams' recent sale to Dorilton Capital – as well as ensure the intent of any new teams looking to join the series. The ruling was written into the new Concorde Agreement, which binds the teams to F1 until 2025, which includes a more equitable distribution of the prize money pot amongst the ten teams. Therefore any new addition to the grid would further dilute that prize money, hence the addition of a new...
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