Mercedes says Andretti will need to prove worth to join F1

Mercedes boss Toto Wolff believes Andretti Global will need to show it has the resources to join Formula 1, saying a new team requires $1bn in order to be competitive.

Mercedes says Andretti will need to prove worth to join F1

Andretti recently announced that it is in talks with the FIA about fielding an entry for 2024, having failed in its attempt to buy Sauber/Alfa Romeo last year.

Under the latest Concorde Agreement, any new team has to pay a $200m entry fee, designed as an "anti-dilution" measure to compensate the existing teams for their potential loss of income.

While Wolff acknowledged the potential value of the Andretti name to the sport, he stressed that the new outfit would also have to meet all the necessary criteria mandated by the FIA and the F1 organisation, financial and otherwise.

"Andretti is a name, that's for sure," said Wolff.

"And the American market is important. But every team that is joining needs to be accretive, that means needs to add value.

"And it's not only it's not only by paying $200 million entry fee, but it needs to demonstrate in my opinion what it can do for the other teams, for F1 and FIA. Only then the sport will grow.

"We are the absolute pinnacle, this is the Champions League, or the NFL, and redistributing franchises is not the goal, that's not how it should be, and it's not the intention of F1 and the FIA neither.

"But if there is a real brand coming in with good people, necessary funding, not only the 200 million but probably you need more like a billion if you want to play in this club straight from the get go. And then why not?"

Red Bull team principal Christian Horner agreed with Wolff that Andretti would need to prove its credentials in order to join the F1 grid.

"I think it's great that there's the interest for people wanting to enter F1," said Horner.

"The Andretti name is certainly a powerful name in motorsport. And, of course, they're not the only ones that are making noises about coming in.

Michael Andretti, Mario Andretti, and Zak Brown, Executive Director, McLaren

Michael Andretti, Mario Andretti, and Zak Brown, Executive Director, McLaren

Photo by: Steven Tee / Motorsport Images

"But there are clear criteria through the Concorde Agreement that have to be met and approved.

"So I'm sure they're engaged in that in that process. And of course, that agreement is there to protect the 10 incumbents and not to dilute that. So obviously, that would need to be carefully looked at."

AlphaTauri's Franz Tost also said he would welcome a new team if it was approved by the authorities.

"Now we are 10 teams, and I think 10 really good teams, and at the end this is a decision from the FIA and from FOM," the Austrian noted.

"And if Michael wants to come with a new team, and is all the ingredients are coming together, and if the team's proposal is accepted, then yes. Otherwise, no."

McLaren boss Andreas Seidl suggested that given that the scope exists for an expansion to 12 teams, it would be better for that to happen sooner rather than later.

Once the grid reaches the limit of 24 cars, then it would be evident that buying an existing team would be the only way in, thus impacting their values.

"From our side, definitely we would welcome the Andretti team and the Andretti name, a US team which will help to grow the sport further in the US," said Seidl.

"I think will also open up simply more possibilities again to get young drivers in, the more teams we have.

"And in the end, the earlier we get to 12 teams for example, which is the maximum we can have, I think it would just help to drive the franchise value even higher of us teams, so absolutely open for it. We'd love to compete with them."

shares
comments

Related video

Hamilton: F1 must ensure it has unbiased stewards
Previous article

Hamilton: F1 must ensure it has unbiased stewards

Next article

Wolff, Horner agree to bury hatchet over "brutal" 2021 F1 rivalry

Wolff, Horner agree to bury hatchet over "brutal" 2021 F1 rivalry
How departing F1 boss Brawn views F1’s new rules - and the future Plus

How departing F1 boss Brawn views F1’s new rules - and the future

Multiple-title-winning designer and team boss Ross Brawn is finally leaving Formula 1 after nearly 50 years in motorsport. But he still has plenty of insights on what’s working and what comes next, as he revealed to Autosport in a far-reaching exclusive interview in Abu Dhabi

Formula 1
Dec 2, 2022
The key F1 management call Ferrari must make to avoid more defeat Plus

The key F1 management call Ferrari must make to avoid more defeat

OPINION: Mattia Binotto’s departure from Ferrari will naturally bring a range of changes across the Formula 1 team. But how the changes shape up and the impact they could have is set to be dictated by a key direction Ferrari’s top dogs will need to pick

Formula 1
Nov 30, 2022
The difference between Mercedes’ stumble and the fall of F1 giants Plus

The difference between Mercedes’ stumble and the fall of F1 giants

OPINION: Mercedes endured its worst season of the hybrid Formula 1 era, but was mercifully spared its first winless campaign in over a decade late on. It has owned up to the mistakes it made which led to its troubled W13. And while its task to return to title-challenging contention is not small, its 2022 season seems more like a blip than the beginning of a downward spiral.

Formula 1
Nov 29, 2022
The physical focus bringing out the best of an F1 midfield star Plus

The physical focus bringing out the best of an F1 midfield star

Esteban Ocon likes to point out he’s the first driver since Lewis Hamilton to emerge from a spell as Fernando Alonso’s team-mate with a superior overall points record. While some may disagree, as LUKE SMITH discovered, the 2021 Hungarian GP winner reckons it’s not just luck which has made him France’s pre-eminent Formula 1 driver of the moment…

Formula 1
Nov 28, 2022
How Red Bull's dynamic leader shaped its F1 philosophy Plus

How Red Bull's dynamic leader shaped its F1 philosophy

The death of Dietrich Mateschitz last month has not only deprived Red Bull of its visionary founder, it has shorn Formula 1 of one of its most influential benefactors. Mateschitz himself was famously media-shy, preferring to let the brand do the talking on his behalf. And, while it’s now normal to speak of Red Bull F1 titles and champions made, Mateschitz never assumed it would be easy or even possible – as ANTHONY ROWLINSON discovered during this previously unpublished interview from 2006…

Formula 1
Nov 27, 2022
Can Mercedes break Formula 1's cycle of doom? Plus

Can Mercedes break Formula 1's cycle of doom?

OPINION: Teams that have dominated for long periods throughout Formula 1's history often take years to get back to the top of the tree once they've slipped down. But it remains to be seen whether the same will happen to Mercedes after a challenging 2022 season

Formula 1
Nov 24, 2022
What hurt Perez most in his ill-fated fight for second in Abu Dhabi Plus

What hurt Perez most in his ill-fated fight for second in Abu Dhabi

Arguably the favourite in the battle to finish second best in 2022's Formula 1 standings, Sergio Perez's two-stop strategy at Abu Dhabi couldn't take him ahead of Charles Leclerc when the music stopped - and several key factors ultimately precluded him from the much-coveted runner-up spot

Formula 1
Nov 23, 2022
The Abu Dhabi momentum that can propel Leclerc and Ferrari to F1 2023 success Plus

The Abu Dhabi momentum that can propel Leclerc and Ferrari to F1 2023 success

OPINION: Charles Leclerc achieved his target of sealing runner-up in the 2022 world championship with a masterful drive behind Max Verstappen in Abu Dhabi. And that race contained key elements that may help him, and Ferrari, go one better in Formula 1 2023

Formula 1
Nov 22, 2022