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
MotoGP announces Qatar round postponed until November
MotoGP has confirmed that Qatar's 10-12 April slot will be moved to 6-8...
3h ago from MotorsportWeek.c...
MotoGP postpones Qatar GP to November due to Middle...
No description available...
4h ago from Motorsport.com
MotoGP working on rescheduling Qatar GP amid Iran war
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Arlington – Qualifying Results
25 IndyCar drivers took to the track Saturday afternoon to decide the...
16h ago from MotorsportWeek.c...
Scott McLaughlin faces tough drive from last after...
No description available...
15h ago from Motorsport.com
Threat of high winds forces IndyCar to move up...
No description available...
16h ago from Motorsport.com
"Mental error" costs Kyle Kirkwood shot at...
No description available...
16h ago from Motorsport.com
Popular On TotalWRC.com
Taka-San: King of Kenya
At the 94th time of asking, Takamoto Katsuta and co-driver Aaron Johnston...
1h ago from MotorsportWeek.c...
WRC Safari Rally Kenya: Takamoto Katsuta scores...
No description available...
2h ago from Motorsport.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
1d ago from Motorsport.com
Carnage in Kenya
Saturday in Kenya saw one of the most dramatic days in recent Safari...
22h ago from MotorsportWeek.c...
Popular On GunnersToday.com
“It’s not over. Who said that?” - Guardiola...
Manchester City boss Pep Guardiola has sent a strong message to Arsenal on...
2h ago from SportsKeeda.com
Man United lead race for 65m wonderkid on Arsenal,...
Manchester United are very interested in signing Assan Ouedraogo from RB...
4h ago from CaughtOffside.com
Liverpool and Arsenal in the race to sign 22-year-old...
Arsenal and Liverpool are interested in signing the FC Midtjylland winger...
4h ago from CaughtOffside.com
Chelsea legend John Terry says Arsenal talent Max...
Chelsea legend John Terry compared Arsenal wonderkid Max Dowman to Lionel...
3h ago from SportsKeeda.com
Comments
Hottest News
Charles Leclerc reveals brave Ferrari F1 decision after...
Charles Leclerc has said Mercedes' race pace... Read More »
1h ago from MotorsportWeek.com
Fernando Alonso blasts latest F1 embarrassment: 'The worst...
Fernando Alonso's sharp tongue has lashed out at... Read More »
3h ago from GPFans.com
Max Verstappen delivers brutal warning to F1: 'It will come...
Max Verstappen has continued his outspoken attack... Read More »
4h ago from RacingNews365.com
