Red Bull Boss Favors $200 Million Rule Amid Andretti F1 Interests
Follow Us
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.
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.
ADVERTISEMENT
Article continues below this ad
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.”
Trending
Daniel Ricciardo To Be Replaced by Liam Lawson After Miami, F1 Pundit Dishes Out Harsh Verdict After Australian’s “Amateur Mistake”
April 17, 2024 11:14 AM EDT
F1 Rumor: Christian Horner and Wife Geri to Publicly Reveal All Details on Leaked Chat Scandal
April 22, 2024 04:10 PM EDT
Max Verstappen Sabotaged Daniel Ricciardo’s Only Chance of Getting the Red Bull Seat for 2025
April 21, 2024 11:59 AM EDT
Carlos Sainz Blames Charles Leclerc for Causing Fred Vasseur’s Painful Chinese GP Loss
April 21, 2024 12:23 PM EDT
Toto Wolff Leaves Carlos Sainz Out of Long Term Plans, Nico Rosberg Reveals Details of Proposed Mercedes Contract
April 22, 2024 07:21 PM EDT
Get instantly notified of the hottest F1 stories via Google! Click on Follow Us and Tap the Blue Star.
Follow Us
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.”
“Give That Wolf a Banana”: F1 Fans Bring Up Hysterical Leclerc-Wolff References & More Amid Ongoing Eurovision 2022
“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
ADVERTISEMENT
Article continues below this ad
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.
ADVERTISEMENT
Article continues below this ad
Watch This Story: F1 Stars Max Verstappen, George Russell Enjoy Miami Heats Dominant Surge at NBA Playoffs
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?
Edited by:
Ranvijay Singh