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Steiner sees “no upside” for present groups in increasing F1 grid

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Final week, the FIA formally started the process to accept expressions of interest from potential new F1 groups, with the Andretti/Normal Motors entry probably the most publicly-known push to hitch the grid. 

However F1 itself and among the present groups have raised issues in regards to the influence of presumably including an eleventh staff, as it might scale back their prize cash shares. The sensation is that except a brand new entry would deliver full producer help to the grid, the drawbacks would outweigh the advantages of increasing the sector.

Talking to Sky Sports activities F1 on the Haas manufacturing unit on Friday, staff principal Steiner famous that “5 years in the past, you can get groups for nothing”, however that now the collection was steady, warning was required with potential growth.

“The ten groups that are right here, they’re all financially steady, they’re all effectively arrange,” stated Steiner.

“It’s an excellent setting in the meanwhile, no person is struggling. So when you put an eleventh staff in and also you get just a little little bit of a dip within the economic system or one thing, abruptly, folks perhaps battle to outlive.

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“So why take that threat if there isn’t a upside? As a result of an eleventh staff, what upside is it bringing?

“It’s not for me to resolve, it’s for FOM to resolve, FOM and the FIA, as a result of they’re managing the enterprise facet of F1.

“There is no such thing as a upside in the meanwhile for an eleventh staff to come back for the opposite groups. There may be simply threat, no profit.”

Michael Andretti

Picture by: Mark Sutton

Any new staff must pay a $200 million right into a dilution fund that might be break up between the present 10 groups, as outlined underneath the present Concorde Settlement, to make up for the loss in prize cash.

However many F1 figures, together with Steiner, have already suggested this figure needs to be reviewed as soon as the subsequent Concorde Settlement comes into pressure for the 2026 season. A determine of round triple the present determine has been mooted. 

The scepticism from many in F1 has not been met kindly by Michael Andretti, who’s spearheading the Andretti/Normal Motors entry bid.

He said last month that “greed” was behind the resistance he was dealing with, and that groups have been “taking a look at themselves and never taking a look at what’s finest for the general development of the collection.” 

Whereas the FIA is overseeing the method for doable new groups, it has acknowledged that help can be required from F1 because the industrial rights holder and the present members of the grid.

Potential new groups have till 30 April to submit expressions of curiosity with the FIA, who will then decide by 30 June if any candidate is deemed appropriate to then be a part of the sector for the 2025 season on the earliest.

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