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
Trackhouse boss reveals steps MotoGP must take to...
Trackhouse owner Justin Marks has revealed how he plans to promote his...
5h ago from MotorsportWeek.c...
Alex Marquez still involved in Ducati’s MotoGP...
No description available...
7h ago from Motorsport.com
Aleix Espargaro to undergo surgery after vertebral...
No description available...
9h ago from Motorsport.com
Nicolo Bulega is not Ducati's "first choice"...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Exclusive Q&A: Mick Schumacher believes 'great things...
No description available...
44m ago from Motorsport.com
Experienced engineer Mike O’Gara joins IndyCar as...
IndyCar has announced that Mike O’Gara has joined the series as Vice...
2h ago from MotorsportWeek.c...
Mike O’Gara named IndyCar’s Vice President of...
No description available...
3h ago from Motorsport.com
Roger Penske adds voice to discussion on US sports...
Roger Penske, owner of the NTT IndyCar Series and the Indianapolis Motor...
22h ago from MotorsportWeek.c...
Popular On TotalWRC.com
The Rally1 rookie proving he belongs in the WRC top...
No description available...
1h ago from Motorsport.com
Why WRC Croatia victory was “quite special” for...
No description available...
2d ago from Motorsport.com
Thierry Neuville crashes out of Croatia lead in final...
A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...
3d ago from MotorsportWeek.c...
Popular On GunnersToday.com
'Arteta never learns', 'Let me go to sleep' - Arsenal...
Arsenal fans are furious with Mikel Arteta as he has named Gabriel...
34m ago from SportsKeeda.com
Arsenal prepare cut-price offer as Liverpool join hunt...
Igor Paixao has been linked with a move away from Marseille, and Liverpool...
1h ago from CaughtOffside.com
Report: Arsenal prepared to sell 'amazing player' for...
Arsenal are prepared to sanction the departures of Gabriel Jesus and Kai...
3h ago from CaughtOffside.com
Comments
Hottest News
Five F1 2027 blockbuster moves that are going to rock silly...
A five-week break from F1 isn't good for those of... Read More »
1h ago from GPFans.com
Nigel Mansell delivers judgement on 2026 F1 title fight
Nigel Mansell chimed in on the conversation of... Read More »
2h ago from MotorsportWeek.com
$500m Verstappen transfer battle, Aston Martin ‘horror...
The $500m race to sign Max Verstappen and Aston... Read More »
44m ago from GPFans.com
