Andretti hoped its Cadillac tie-up would sway F1's opinion about its entry plans - but it is still unconvinced. 📝 NobleF1 explains why F1 and its teams remain unimpressed by the American outfit's plans:
After months of facing a cold shoulder from rival outfits and F1 owners Liberty Media, it appeared on the face of it he had got all his ducks in a row.
“We feel that that was the one box we didn't have checked that we do have checked now. I think we'll be bringing a tremendous amount of support now to F1. It's hard for anyone to argue that now.”But if Andretti was hoping his latest efforts would be a game-changer in getting his team an entry, it would not take long for him to find that opinions elsewhere had been swayed very little.
He wrote: “It is surprising that there has been some adverse reaction to the Cadillac and Andretti news. The major driving force remains financial; for new teams need to demonstrate they can bring more to their rivals by being on the grid than is lost from the dilution of current commercial rights income .FIA president Mohammed ben Sulayem tweeted his surprise by the adverse reaction of F1 against Andretti and CadillacThe very first line of F1’s official response to the new Andretti announcement was quite cryptic.
While other serious potential entrants have kept a low profile and done their bidding in private, Andretti has spoken in public about his ambitions many times – even holding a press conference to notify his expression of interest. That is why F1 was so supportive of Audi’s announcement of its entry last year at the Belgian Grand Prix – devoting a formal press conference and even creating a mock-up liveried car.
“If someone new wants to come in, everybody's free to pitch that to the FIA. Then the FIA and F1 need to understand how creative that team can be for our business. And that hasn't been the case so far. That talk of ‘collaboration’ made it logical to assume that Cadillac was potentially looking at a partnership with Honda – with the two companies already working together on road-car technology.
While there has been no confirmation from Andretti itself, teams believe that the plan is very simple; it is for the American operation to push on with a supply of Renault customer power units that will then be badged as Cadillac. Even the current discussions between Ford and Red Bull from 2026 is about a proper involvement in the Milton Keynes-based team’s technical operation, rather than just a badge on an engine.Neither of the issues of the public stance and the engine name badge are insurmountable hurdles in getting Andretti on the grid though.
It was felt that the one-off $20 million payment each competitor would receive was enough of a bump to offset losses that varied from around $5 million per year at the back of the grid to $10 million for the front-runners. Under an expansion fee that has had to be paid, the Vegas Golden Knights effectively paid $500 million in 2017, while last year the Seattle Kraken paid $650 million to its rivals as part of the formal process of joining the league.With the franchise value of F1 teams believed to be approaching $1 billion, it is a dilution figure around the $500-600 million level – rather than $200 million – that teams feel is the ballpark level of compensation right now.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
F1-FIA rift deepens as teams rage at $200m Andretti entry planF1 teams want the entry fee to join the grid to be raised amid their displeasure at Andretti’s proposed entry to the sport with Cadillac.
Consulte Mais informação »
FIA surprised by 'adverse reaction' to Andretti-Cadillac F1 entry plans🚨 FIA president Mohammed Ben Sulayem is surprised by the 'adverse reaction' to an Andretti-Cadillac F1 bid, saying the sport should be 'encouraging' moves from such teams.
Consulte Mais informação »
FIA president surprised by "adverse reaction" to Andretti/Cadillac F1 plansMohammed Ben Sulayem, the president of the FIA, says he is surprised by the “adverse reaction” from some quarters over Andretti and Cadillac’s plan to enter Formula 1.
Consulte Mais informação »
Panthera Asia F1 founder believes there is room on grid for them and AndrettiAs Panthera and Andretti both look to muscle their way onto the F1 grid, it is not the case that there is only room for one.
Consulte Mais informação »
The ethics of smurfing'In all honesty, it was fun as hell smoking people who were new to the game.'
Consulte Mais informação »
January Is Notorious For Layoffs, And The Anxiety Is RealThere's a reason why companies do lots of layoffs at the start of the year.
Consulte Mais informação »