Tuesday, March 2, 2021
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Buts at the 200 million entry fee

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Formula 1 managed at the end of last season to sign the so-called pact of harmony with all teams. The contractual details that guarantee both F1 and the teams on the economic amount and future of the category.

200 million to enter

One of the greatest incentives for the signing of this pact was to adopt the franchise model. In other words, teams, some like Haas or Williams in serious financial trouble, were guaranteed that entry into F1 would be restricted, so that their teams would automatically revalue. This helped in the sale of the Williams equipment and stopped Gene Haas’s plans to leave the category in its tracks.

F1 informed the teams that any new entry would be preceded by a payment of 200 million euros that would be distributed among the interested parties, ensuring the value of the teams previously commented.

However, in a recent interview with Domenicali, he explained that this economic amount could vary if it benefits the competition. Said less diplomatically, that one could look the other way if the entry of a new entrant would benefit Formula 1.

And contrary to what one might think, Domenicali assures that there are several teams and manufacturers that have been interested in the category, asking about the conditions without this having reached more, admitting the Formula 1 president that he does not believe that No one is going to enter in the next few years, before the next regulatory change that will take effect at the earliest in 2025.

In search of new manufacturers

Domenicali specifically was sympathetic to the manufacturers, knowing that his entry usually revalues ​​the category, in addition to the fact that with the departure of Honda, a new motorist would do a lot of good to the category, these being the type of cases in which the rate 200 million dollars to enter Formula 1 could vary, without going into details of how much.

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