Red Bull Boss Favors $200 Million Rule Amid Andretti F1 Interests

Published 05/17/2022, 6:33 AM EDT

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Red Bull boss Christian Horner has given his verdict on new teams joining F1. The Briton initially made it clear that the addition of new teams does not necessarily mean addition of value.

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With Audi, Porsche, and even Andretti confirming interest in joining F1, things have become interesting. Understandably, not every team supports a new team’s addition.

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Christian Horner does not feel the anti-dilution fee is pointless

F1 prize money fund is a tricky business to understand. The growth of the current 10 teams has been accretive, with billions of dollars invested. Now, a new team’s entry will mean the division of money between 11 teams and not 10. Logically, if an 11th team enters the sport, that would mean a 10 percent dilution for everyone else.

However, suggestions regarding a team proving its worth came forward by many. And an anti-dilution fee of $200 million, as a result, has been rendered pointless by many. Horner, alarmed by the situation, explained, “What that essentially does, it puts an intrinsic value or minimum value on any entrant, you know, from P10 upwards, I think that you’ve got to look longer term.”

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The Brit added how the fee is important for the 10 teams. Irrespective of proving the worth, the $200 million is another story altogether. He said, “The 200 million is a significant amount of money.”

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“But you know, in this business, and when you divide it by the participants, it doesn’t go a long way. It’s a one-shot, it’s not 200 million every year. So, you know, at the end of the day, a conversation like this will always come down to economics.”

Some teams besides Red Bull support new entries

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Mercedes boss Toto Wolff has also pitched in and agrees with Horner. The two bosses lead two of the most important F1 teams: Mercedes and Red Bull, and it makes their say essential.

However, few teams also agree with new entrants. McLaren, who collaborates with Andretti in IndyCar, reasonably looks forward to the legendary team joining F1.

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Fans also believe that a new entrant like Andretti can fairly boost the competition. With their IndyCar journey, they’ve managed a fair run and garnered positive feedback from even Fernando Alonso. With these new entries, possibly making an entry by 2024, can they make a change?

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Written by:

Khyati Yadav

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Khyati Yadav is an F1 writer at EssentiallySports. She is a Hospitality Graduate and a huge fan of Lando Norris. She believes that F1 as a sport deserves a lot more attention and is intrigued by the process that goes behind the making of a car and the hard work that goes into the setting up of any Grand Prix.
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Edited by:

Ranvijay Singh

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