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Formula 1 to face EU lawsuit over entry fees
If a new team wishes to join Formula 1 then they must pay an entry fee, also known as an anti-dilution fee. This fee is split between the current F1 teams, making up for the loss of income that will be caused by the prize pot being split a further way following the grid’s expansion. The current entry fee for a new team is $200m as per the Concorde Agreement, which runs until 2025, at which time a new agreement will be negotiated. Andretti-Cadillac, who have formally begun the process of joining the grid with the FIA, are looking to make the leap to F1 in 2026, meaning that they will be subject to the new Concorde Agreement rather than the current one. READ: Toto Wolff makes ‘big...
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2y ago from Formula1News.co.uk
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