
Wolff explains Andretti F1 bid opposition
F1 News
Wolff explains Andretti F1 bid opposition

Mercedes team principal Toto Wolff has explained why he has been one of the loudest voices opposing the addition of Andretti Global to the F1 grid.
Former F1 champion Mario Andretti confirmed in February that his son, Michael, had applied to the FIA for a position in the F1 paddock in 2024.
But the announcement was met with a mixed reaction by the existing 10 teams with the addition of an extra outfit guaranteed to dilute the prize fund and other revenue streams.
New teams are required to pay $200million that is split between the existing outfits to negate this 'damage'. After this was introduced in 2020, Wolff claimed the fee "sets a floor for team valuation".
Whilst Andretti is seeking to add to the 20-car field, German manufacturer Audi is instead looking at taking over Alfa Romeo.
Asked how the two are different, Wolff said: "I think whoever joins as an 11th team, whoever gets an entry needs to demonstrate how accretive they can be for the business.
"Andretti is a great name, they have done exceptional things in the US but this is sport and this is business.
"We need to understand what it is you can provide to the sport and if an OEM or multi-national group joins Formula 1 and can demonstrate they are going to spend X amount of dollars in activating, in marketing and in various markets, that is obviously a totally different value proposition for all the other teams.
"We have 10 franchises that we hope can increase the value and you are certainly not going to increase the value by issuing new franchises to people who cannot increase the overall value of Formula 1."
Additional reporting by Ian Parkes
Related news

Mercedes director reveals team's 'most destructive pattern'

Mercedes make hilarious Russell gag in response to Wolff investigation

Former F1 world champion believes Wolff has 'lost his marbles'

Wolff hits back at 'insulting' allegations amid FIA investigation
Most read

F1 champion claims Wolff has 'lost his marbles' as McLaren star makes 'girlfriend' admission - GPFans F1 Recap

Surprise F1 name tipped to partner Verstappen at Red Bull

McLaren star makes startling 'girlfriend' admission

F1 News Today: Wolff brutally plays down huge Mercedes decision as Perez raises alarm over employee welfare

Former F1 world champion believes Wolff has 'lost his marbles'
F1 Standings

Drivers
- 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
- Nyck De Vries
- Liam Lawson
- Daniel Ricciardo
- Yuki Tsunoda
Races
-
Gulf Air Grand Prix of Bahrain 2023
-
Saudi Arabian Grand Prix 2023
-
Grand Prix of Australia 2023
-
Grand Prix of China 2023
-
Grand Prix of Azerbaijan 2023
-
Miami Grand Prix 2023
-
Qatar Airways Gran Premio Del Made In Italy E Dell'emilia Romagna 2023
-
Grand Prix of Monaco 2023
-
AWS Gran Premio de España 2023
-
Grand Prix du Canada 2023
-
Grand Prix of Austria 2023
-
Aramco Grand Prix of Great Britain 2023
-
Grand Prix of Hungary 2023
-
Grand Prix of Belgium 2023
-
Heineken Dutch Grand Prix 2023
-
Grand Prix of Italy 2023
-
Grand Prix of Singapore 2023
-
Grand Prix of Japan 2023
-
Qatar Grand Prix 2023
-
Grand Prix of the United States 2023
-
Gran Premio de la Ciudad de Mexico 2023
-
Rolex Grande Prêmio de São Paulo 2023
-
Heineken Silver Las Vegas Grand Prix 2023
-
Grand Prix of Abu Dhabi 2023
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

7007 CD, Doetinchem, Netherlands
+31645516860