Mercedes team boss Toto Wolff comments on Andretti joining Formula 1 and says an “11th team means a 10 per cent dilution for everybody else”.
Andretti Global has officially applied to the FIA to enter Formula 1 from 2024, but it is yet to be decided if their application will be successful.
Toto Wolff was asked ahead of the Miami Grand Prix, if he would like to see an American team like Andretti join the sport.
“So many things have been said around an American entry,” the Austrian said.
“So, on the pluses. I’m sure that if we have a true American team, with an American driver, that would be very beneficial.
“But, we have 10 entries today, we divide the prize fund among those 10 entries. We have invested considerable amounts over the last 10 years.
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“I mean, each of the organisations that’s sitting here on the podium has probably put more than a billion into the Formula 1 projects over the years, so it needs to be accretive.
“If a team comes in, how can you demonstrate that you’re bringing in more money than it’s actually costing: because the 11th team means a 10 per cent dilution for everybody else.
“So, if one is able to demonstrate that, then we should all be sitting on the table, and cheer for such an entry. But that hasn’t been demonstrated yet.
“And that may sound a bit dry, because it comes down to the numbers, but the value of Formula 1 is that it’s a limited amount of franchises.
“And we don’t want to dilute that value by just adding teams,” Wolff concluded.