News Details
Formula 1 sets $200M entry fee for new teams!
Any new Formula 1 team wishing to join the grid in the future will be required to fork out a hefty $200 million, a fee intended to protect the prize money of current teams. The sport's new Concorde Agreement that will govern F1 from 2021 to the end of 2025 includes a more equitable distribution of revenue for the ten existing teams. However, to eliminate concerns that any new additions to the grid could reduce each outfit's size of the overall cake, a provision included in the covenant requires any new team joining the frau to pay each of its rivals $20 million. McLaren boss Zak Brown says the massive barrier to entry would not only protect the teams' share of revenue but also deter any...
Full Story »
Full Story »
You May Also Be Interested In...
Will Sergio Perez Join Red Bull Or Haas In 2021?
Sergio Perez announced on Wednesday that he will leave Racing Point at...
3y ago from Formula1News.co.uk
Haas And Racing Point Settle Prize Money Dispute
The Haas F1 team and Racing Point have finally settled their dispute...
3y ago from Formula1News.co.uk
Masi: Red Flag for Leclerc crash was a very simple...
The turning point of the 2020 Italian Grand Prix was triggered when Kevin...
3y ago from GrandPrix247.com
Ferrari "studying" history-making works Le...
Ferrari is "studying" the possibility of entering Le Mans with...
3y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Pedrosa says 'unexpected' MotoGP return pushed by...
No description available...
5h ago from Motorsport.com
Quartararo: Yamaha MotoGP satellite team "must be...
No description available...
5h ago from Motorsport.com
Fernandez to ride 2024 Aprilia MotoGP bike from Jerez...
Trackhouse Aprilia rider Raul Fernandez will ride the 2024 spec bike when...
6h ago from MotorsportWeek.c...
Yamaha to bring brand new MotoGP bike at Jerez test
Fabio Quartararo and Alex Rins are set to test ride a brand-new Yamaha M1...
4h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Luca Ghiotto to make IndyCar debut with Dale Coyne...
No description available...
31m ago from Motorsport.com
McLaughlin disputes IndyCar's claim that rules...
Scott McLaughlin was one of the two Team Penske IndyCar drivers that were...
15h ago from MotorsportWeek.c...
McLaughlin issues statement following St. Pete...
No description available...
15h ago from Motorsport.com
Full-time IndyCar move “an option” says supersub...
No description available...
18h ago from Motorsport.com
Popular On TotalWRC.com
Ford simulator boosting M-Sport WRC Puma performances
No description available...
1d ago from Motorsport.com
Auction raises more than 50K for Craig Breen Foundation
No description available...
1d ago from Motorsport.com
FIA not at war with manufacturers over 2025 WRC...
No description available...
3d ago from Motorsport.com
ERC star Sesks secures WRC Rally1 graduation with...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Manchester United 'identify top striker target this...
Manchester United reportedly view RB Leipzig's Benjamin Sesko as their...
1h ago from SportsMole.co.uk
'They're gradually improving' - Gary Lineker predicts...
No description available...
2h ago from SportsKeeda.com
'He’ll say something back' - Troy Deeney says...
No description available...
2h ago from SportsKeeda.com
'We need a crisis' - Jurgen Klopp rates Liverpool's...
Liverpool boss Jurgen Klopp says that his side need there to be 'a crisis'...
1h ago from SportsMole.co.uk
Comments
Hottest News
'Verstappen and Red Bull to continue without Newey in 2025,...
Adrian Newey is expected to announce his... Read More »
2h ago from GPBlog.com
Audi agree LONG-TERM F1 deal with star driver
Audi have agreed a long-term deal for the first... Read More »
9h ago from GPFans.com
Rosberg reveals financial toll of rivalry with Hamilton
Nico Rosberg recently shed light on an intriguing... Read More »
6h ago from F1i.com