New setback Andretti? F1 teams want entry fee to 600 million

A new team in Formula 1 will have to pay a hefty fee to be allowed to participate in the king class of motorsport at all. The $200 million now in place is intended to compensate other teams, as they will see their revenues from commercial rights reduced. Indeed, the pot will then have to be divided among 11 teams instead of 10.

However, that current $200 million was agreed at a time when Formula 1 was doing a lot worse financially and commercially. The ten teams would now like to increase the amount to at least $600 million. A new racing stable would have to pay that amount over a period of time - presumably five years. That money eventually ends up with the 10 current teams.

A team wanting to enter Formula 1 in 2026 would have to start paying $600 million. From 2028, the amount should become $700 million. Moreover, a new team would not be entitled to prize money in the first year. There is no agreement yet, but the proposal is on the table, according to Motorsport.com.

For Andretti, it would mean another setback. Earlier, they received permission from the FIA to enter Formula 1, but Liberty Media and FOM (along with the current teams) subsequently put a stop to that. However, the Americans are still busy preparing for an entry after all, but with a bit of bad luck it will cost them a lot more money.