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According to a report from Motorsport, the 10 current F1 teams are pushing to increase the entry fee for Andretti F1 from $200 million to $600 million.
Rivals pushing to triple Andretti F1 entry fee to $600m
Formula 1 teams are pushing for a tripling of the $200m anti-dilution fee that an 11th entrant such as Andretti will have to pay in order join the world championship.
Sources suggest that the 10 current teams want the anti-dilution fee to be boosted to at least $600m, with one team principal telling Motorsport.com that it was the lowest figure that has been mentioned, and that it could go higher.
If agreed the new number could force Michael Andretti to reconsider his plans to enter with General Motors brand Cadillac, which are built around the current figure.
Andretti still has the option to buy an existing team, having previously been turned down by Sauber and others.
Intriguingly, the potential entry fee hike comes just as it has emerged that Red Bull’s bosses are considering the future of AlphaTauri, with options included putting it up for sale or retaining it and moving it to the UK.
Andretti is known to have enquired about buying the Italian outfit in the past, and those discussions could now restart.
Red Bull’s price is likely to be well above the potential $600m cost of a new entry, but Andretti would have a good starting point with the Faenza factory and the UK-based aerodynamic department – and would not be compensating its rivals.
The original $200m anti-dilution fee was agreed as part of the current Concorde Agreement, which was signed in August 2020, and which covers the 2021-’25 seasons.
It guarantees a one-off payment of $20m from any new entrant to each of the 10 existing teams.
It was intended to cancel out the potential loss of prize money for the current teams on the basis that a newcomer could have entered as early as 2022, and thus taken a share of the total prize fund for the last four seasons of the Concorde Agreement.