Toto Wolff says Andretti needs to “add value” to Formula 1

© Sebastian Kawka for Mercedes-Benz Grand Prix ltd.

Mercedes team boss Toto Wolff comments on Andretti Global’s possible entry into Formula 1, and says a new team need to demonstrate “what it can do for the other teams, for F1 and FIA”.

Michael Andretti has recently announced that Andretti Global has started negotiations with the FIA about entering Formula 1 in 2024, and is ready to pay the $200m entry fee.

At F1’s Barcelona pre-season test Toto Wolff was asked to give his comments on Andretti’s possible entry.

“Andretti is a name, that’s for sure,” the Austrian said.

“And the American market is important. But every team that is joining needs to be accretive, that means needs to add value.

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“And it’s not only by paying $200 million entry fee, but it needs to demonstrate in my opinion what it can do for the other teams, for F1 and FIA. Only then the sport will grow.

“We are the absolute pinnacle, this is the Champions League, or the NFL, and redistributing franchises is not the goal, that’s not how it should be, and it’s not the intention of F1 and the FIA neither.

“But if there is a real brand coming in with good people, necessary funding, not only the 200 million but probably you need more like a billion if you want to play in this club straight from the get go.

“And then why not?” concluded Wolff.

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