Wolff warns Andretti of "$1billion" price tag to "play" in F1
Wolff warns Andretti of "$1billion" price tag to "play" in F1
Toto Wolff has warned Michael Andretti he will need funding of "$1billion" to "play" in F1 with his own team.
Former McLaren driver Andretti is once again attempting to join the F1 grid after seeing plans to take over the Alfa Romeo collapse at the "11th hour" last year.
The American is looking to create a team under the name Andretti Global and, as per father and 1978 world champion Mario, "has the resources and checks every box."
In order for a new team to join the grid, the outfit must pay a fee that is distributed between the 10 existing teams and is viewed as compensation in advance for the loss of revenue that would be incurred.
“We are the absolute pinnacle," explained Wolff when asked if he would welcome Andretti onto the grid.
"This is the Champions League or the NFL and redistributing franchises on the go is not how it should be and it is not the intention of Formula 1 and the FIA either.
“But if there is a real brand coming in with good people, the necessary funding, not only the $200m but probably you would need more around $1billion if you want to play in this club straight from the get-go, then why not?”
For Wolff, however, merely having the finances in place to compete does not satisfy the entry criteria.
“Andretti is a name, that is for sure and the American market is important but every team that is joining needs to be accreative. That means it needs to add value," added Wolff.
“And it is not only about paying a $200 million entry fee, but it needs to demonstrate, in my opinion, what it can do for all the other teams, for Formula 1 and for the FIA. Only then will the sport grow."
Related
Change your timezone:
Latest News
McLaren boss explains why FIA REVERSED Norris F1 penalty
- 18 minutes ago
FIA CANCEL important drivers' meeting after huge drama in China
- 1 hour ago
F1 News Today: Red Bull and Verstappen dealt title blow as Red Bull dominated in sprint qualifying
- 2 hours ago
FIA stewards ROB Hamilton pole after bizarre U-turn
- 3 hours ago
F1 Sprint Qualifying Results: Chinese Grand Prix 2024 times as Verstappen stunned in rainy CHAOS
- 3 hours ago
Another bizarre fire STOPS action at Chinese Grand Prix
- Today 10:12
Related news
Wolff 'p*****' by Verstappen error as star makes Mercedes debut
Hamilton to open Wolff talks at Mercedes amid Ferrari F1 move uncertainty
Mercedes announce MAJOR £5.9 million loss in profits
Verstappen admits new Mercedes relationship with F1 future update
F1 Standings
Drivers
- Oliver Bearman
- Charles Leclerc
- Carlos Sainz
- Lando Norris
- Oscar Piastri
- Pierre Gasly
- Esteban Ocon
- Sergio Pérez
- Max Verstappen
- Alexander Albon
- Logan Sargeant
- Lewis Hamilton
- George Russell
- Nico Hülkenberg
- Kevin Magnussen
- Fernando Alonso
- Lance Stroll
- Valtteri Bottas
- Zhou Guanyu
- Daniel Ricciardo
- Yuki Tsunoda
Races
- Gulf Air Grand Prix of Bahrain 2024
- Saudi Arabian Grand Prix 2024
- Grand Prix of Australia 2024
- MSC Cruises Grand Prix of Japan 2024
- Grand Prix of China 2024
- Miami Grand Prix 2024
- Gran Premio dell'Emilia Romagna 2024
- Grand Prix of Monaco 2024
- Grand Prix du Canada 2024
- Gran Premio de España 2024
- Grand Prix of Austria 2024
- Grand Prix of Great Britain 2024
- Grand Prix of Hungary 2024
- Grand Prix of Belgium 2024
- Heineken Dutch Grand Prix 2024
- Grand Prix of Italy 2024
- Grand Prix of Azerbaijan 2024
- Grand Prix of Singapore 2024
- Grand Prix of the United States 2024
- Gran Premio de la Ciudad de Mexico 2024
- Grande Prêmio de São Paulo 2024
- Heineken Silver Las Vegas Grand Prix 2024
- Qatar Grand Prix 2024
- Grand Prix of Abu Dhabi 2024
About GPFans
GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.
With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.
Follow us on your favorite social media channel
Corporate & Media
Innovatieweg 20C7007 CD, Doetinchem, Netherlands
+31645516860