News Details
New F1 teams required to pay $200m to rivals before entry
Teams looking to join the Formula 1 grid will have to pay $200 million to their rivals before gaining approval, it has been revealed. The payment, which has been added to the new Concorde Agreement, requires completely new entries to compensate for the dilution of prizemoney distributed to the current teams. According to McLaren CEO Zak Brown, the rule will help safeguard the future of the incumbents. “What that $200million is intended to do is to protect the value of the existing teams – if it is as reported on the Williams sale, that's less expensive and you get a lot more for your money than starting a new team,” he explained. “But I think if you believe in the franchise value...
Full Story »
Full Story »
3y ago from GrandPrix247.com
0
You May Also Be Interested In...
Formula 1 sets $200M entry fee for new teams!
Any new Formula 1 team wishing to join the grid in the future will be...
3y ago from F1i.com
New teams will have to pay rivals $200m to join F1 grid
Any new teams looking to enter the FIA Formula 1 World Championship from...
3y ago from MotorsportWeek.com
Joining Formula 1? Pay the exisiting teams $200m
Under the new Concorde Agreement a new team must pay the existing Formula...
3y ago from PlanetF1.com
Brown confirms $200m fee for new Formula 1 teams
McLaren CEO Zak Brown has confirmed teams wishing to join the Formula 1...
3y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP's 2027 regulations are missing one key element
'Welcome to the future of MotoGP,' reads the start of the series'...
6h ago from MotorsportWeek.c...
What MotoGP’s 2027 rules overhaul could mean for the...
No description available...
7h ago from Motorsport.com
MotoGP announces major 2027 technical regulation...
No description available...
11h ago from Motorsport.com
Full details of MotoGP’s 2027 technical regulation...
No description available...
11h ago from Motorsport.com
Popular On IndyCarToday.com
Siegel “open” to bolstering current IndyCar...
No description available...
1h ago from Motorsport.com
Abel ends Indy 500 entry hopes, cites funding as cause
Abel Motorsports will not be fielding a car in this year’s Indianapolis...
3d ago from MotorsportWeek.c...
American flag livery returns for AJ Foyt Indy 500 entry
AJ Foyt Racing announced Wednesday that it is bringing its popular...
5d ago from MotorsportWeek.c...
IndyCar Barber: Start times, how to watch on TV, entry...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Evans: 2025 WRC Rally1 prototype “not so exciting”...
No description available...
3d ago from Motorsport.com
Toyota shuffles its WRC manufacturer points scorers...
No description available...
4d ago from Motorsport.com
Stellantis motorsport chief gives verdict on WRC...
No description available...
6d ago from Motorsport.com
FIA: WRC regulations debate won’t affect 2025 tyre...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Kai Havertz offers bold response on whether he would...
No description available...
1h ago from SportsKeeda.com
Arsenal, Chelsea-linked striker leaves door open to...
Sporting Lisbon striker Victor Gyokeres appears to leave the door open to...
1h ago from SportsMole.co.uk
“He’s now a must in my mind” - Michael Owen...
No description available...
3h ago from SportsKeeda.com
'All of a sudden he became a great footballer' - Demba...
No description available...
1h ago from SportsKeeda.com
Comments
Hottest News
Verstappen goes wild with Norris until late at night at...
A win was not in the cards for Max Verstappen at... Read More »
6h ago from GPBlog.com
Brundle reveals SHOCK Red Bull exit secret about close pal...
Reports have suggested that Adrian Newey’s... Read More »
11h ago from GPFans.com
Red Bull engine partner Ford reacts to Newey departure
Adrian Newey will leave Red Bull in less than 12... Read More »
3h ago from RacingNews365.com
