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Higher Cadillac payment still not enough – Wolff
Jan.16 Toto Wolff has hit out at the size of the new team fee payable by Cadillac F1 ahead of its 2026 Formula 1 debut. Although F1 owner Liberty Media eventually, and reluctantly, agreed to let the eleventh team enter the sport, the existing teams continue to object on the basis that their share of the commercial revenue will be diluted. Originally, the compensation fee designed to mitigate the losses was $200 million, but teams have been lobbying for it to be much higher – reportedly as much as $600 million. That is despite the fact that Mercedes boss and co-owner Wolff admits Mercedes' F1 project is now profitable. 'Thanks to the budget cap and the Formula 1 boom, teams are...
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