Steiner refuses to rule out changes to controversial F1 fund

Haas

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Steiner refuses to rule out changes to controversial F1 fund

The $200million fund could be altered in the future

Ewan Gale

Sunday 26 June 2022 15:30

Haas team principal Guenther Steiner has refused to rule out an adjustment to F1's anti-dilution fund.

The sport's teams implemented the $200million mark needed to be paid by any prospective new teams in order to prove their worth to the existing franchises, effectively protecting the value of the existing marques.

The fund has come under fire, not least as American powerhouse Andretti Autosport has sought entry into F1 under the guise of Andretti Global.

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But since the $200millon line was set, F1's profits have vastly increased as a result of the boom in popularity, bringing into question whether the current benchmark suits the progression.

"The dilution fund was set a few years ago when the value of Formula 1 was set a bit different," explained Steiner.

"One of the things is, should we readjust it to the current market rate, which is a lot more?

"That's a very difficult process but if you are really honest, and you look at it when we signed the contract in 2020, things were going for a lot less money than they were at this stage.

"The sport has made a big progression value-wise and at some stage, it will be adjusted but I don't think that is the biggest issue."