F1: Domenicali reiterates on investor call what 11th team must bring

On the Liberty Media investor call this week, F1 President Stefano Domenicali reiterated his stance on an 11th or 12th team entering F1. Michael Andretti will have to bring added value to F1 or his team will not be approved to enter F1.

Most existing team owners say that probably means bringing a new Original Equipment Manufacturer (OEM) into the sport.  But there is another way – save the $200 million entry fee and use it toward buying an existing team

“It is not a problem having one more team to have better racing; therefore we will see, and we will monitor the situation,” said Domenicali in an investors’ call.

“If there would be a real, credible new entry that wants to discuss with us, we are ready to discuss, but we are not in a rushed position today for that.”

Domenicali has stressed, though, that an eleventh entry will only happen if it brings “extra value” to the already excelling championship.

F1 President StefancoDomenicai and Liberty Media CEO Greg Maffei at the Las Vegas GP groundbreaking

“With regard to the value or the process of the possibility of bringing a new F1 team into the championship, of course, there is the primary step that both us and the FIA have to be in agreement on that,” he added.

“And I think the first thing that we need to consider is, will this eventual possibility bring extra value to the championship?

“If so, of course, we are going to discuss it internally and we will see if there is any kind of real potential for a new entry that can give value to the championship.

“On top of this, there is a value that has to be recognized to the teams that are already in the championship, because, of course, they cannot allow any dilution of their partnership with the F1 championship.

“This is what is written in the Concorde Agreement but mainly, the point is that does a new entry bring a better position for the F1 world championship?

“This is really in terms of value from a financial point of view and in terms of value from a sporting point of view.”


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