News Details
Wolff: Something special to have an entry into Formula 1
Formula 1's 10 teams now have a clear franchise value after a rule change that means any new entrant will have to pay $200-million to join the grid, according to Mercedes F1 boss Toto Wolff. The money would be shared equally between the existing teams as compensation for the dilution of their share of the sport's revenues. 'I think it´s very important because it sets a floor for team valuation,' Wolff, a shareholder in the Mercedes team, told reporters ahead of Sunday's Tuscan Grand Prix at Italy's Mugello circuit. 'I think such a franchise value is completely normal. It should be limited to 10 teams. It is something special, to have an entry into Formula 1 and that is valid for most of...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
Haas And Racing Point Settle Prize Money Dispute
The Haas F1 team and Racing Point have finally settled their dispute...
5y ago from Formula1News.co.uk
New F1 teams required to pay $200m to rivals before...
Teams looking to join the Formula 1 grid will have to pay $200 million to...
5y ago from GrandPrix247.com
Formula 1 sets $200M entry fee for new teams!
Any new Formula 1 team wishing to join the grid in the future will be...
5y ago from F1i.com
Vettel: 'Hopefully we can give the Tifosi something to...
For Ferrari the weekend in Mugello will be a very special weekend. The...
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Thailand signs new deal to remain on MotoGP calendar...
The Chang International Circuit will remain on the MotoGP calendar after...
8h ago from MotorsportWeek.c...
Losing MotoGP concessions would be “nothing but good...
No description available...
8h ago from Motorsport.com
Marc Marquez: Missing Valencia test won’t impact my...
No description available...
13h ago from Motorsport.com
Nicolo Bulega explains why he had to change his...
After completing his first MotoGP race weekend, Nicolo Bulega explained...
13h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
RLL locks in Louis Foster with extended IndyCar...
Rahal Letterman Lanigan Racing has announced an extension to its contract...
7h ago from MotorsportWeek.c...
AJ Foyt Racing expands veteran support program to full...
AJ Foyt Racing has announced that its successful Homes For Our Troops...
1d ago from MotorsportWeek.c...
McLaren’s lawsuit against IndyCar champ Alex Palou...
The lengthy court battle between McLaren and Alex Palou is nearing a...
6d ago from MotorsportWeek.c...
Caio Collet advances up to IndyCar with AJ Foyt Racing
AJ Foyt Racing has announced that Caio Collet will drive for the team in...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
What Toyota expects from 2026 WRC signing Oliver...
No description available...
2d ago from Motorsport.com
Hyundai already working on “Plan B” for 2026 WRC...
No description available...
3d ago from Motorsport.com
Oliver Solberg secures full-time Toyota WRC drive for...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal & Man United want player with 'rare blend...
Arsenal and Manchester United are interested in signing the highly rated...
6h ago from CaughtOffside.com
Chelsea ahead of rivals Arsenal and Liverpool in race...
Chelsea are reportedly ahead of Arsenal and Liverpool in the race to sign...
7h ago from SportsKeeda.com
'He started the season again a little bit shaky' -...
Chelsea legend John Obi Mikel has urged the Blues to replace Robert...
11h ago from SportsKeeda.com
Report: Arsenal preparing ambitious move for attacker...
Arsenal are reportedly preparing a bold and ambitious move to sign Real...
12h ago from CaughtOffside.com
Comments
Hottest News
F1: Audi reveals its look for 2026
115 days before its debut, Audi has provided a... Read More »
57m ago from Pitpass.com
Lewis Hamilton to Strictly? Ferrari star keeps dancing as...
It's finally that time of year. The nights have... Read More »
1h ago from GPFans.com
More official images of Audi R26 Formula 1 car break cover
Audi have released more official images of their... Read More »
47m ago from GrandPrix247.com
