Frontpage   |   Standings Saturday 19 September 2020
 
Sunday 13 September at 09:35
New teams must pay F1 rivals $200m
Font size:
Sunday 13 September at 09:35 : Sep.13 (GMM) New Formula 1 entrants will have to pay $200 million to the existing teams in order to enter the sport, according to a clause in the new Concorde Agreement.

France's L'Equipe claims that the money would need to be evenly distributed to the ten teams - meaning a payment of $20 million per team currently on the grid.

The report said the payment is to "ensure the seriousness of each new entrant", as it would compensate the existing teams for the dilution of the official prize-money pot.

"What we are looking to do is avoid what we have experienced in the past," said McLaren supremo Zak Brown at Mugello. "USF1 announced its arrival and never made it to the track.

"The $200 million means that if a team wants to come into Formula 1, it has the ability to do so," he added.
RELATED NEWS ITEMS
18-09 'Doesn't matter' if Albon stays or goes - Verstappen
18-09 Ferrari right to oust Vettel - Massa
18-09 Ferrari spending 'millions' on simulator - Binotto
18-09 Neurologist doubts Schumacher will recover
18-09 F1 using red flags to spice up show - Hamilton
17-09 Ferrari slump 'not comparable' to 1993 - Todt
17-09 Sponsor exit was 'end of story' - Claire Williams
 
NEXT RACE 26 March 2017
Grand Prix of Australia (5,303 m)
Melbourne, Albert Park Circuit
Last Winner: Nico Rosberg
TV schedule
Friday - practice 1
12:30 - 14:00

Friday - practice 2
16:30 - 18:00

Saturday - practice 3
14:00 - 15:00

Saturday - qualification
17:00 - 18:00

Sunday - race
16:00

Friday - practice 1

Friday - practice 2

Saturday - practice 3

Saturday - qualification

Sunday - race

STANDINGS 2016
Driver championship
1.Hamilton250
2.Bottas188
3.Verstappen181
Constructors championship
1.Mercedes436
2.Ferrari288
3.Red Bull244
FACEBOOK
TWITTER
 
RECENT PHOTO'S
Mick Schumacher Lewis Hamilton, Valtteri Bottas, Alexander Albon, Tuscan Grand Prix Lewis Hamilton, Valtteri Bottas, Alexander Albon, Tuscan Grand Prix Lewis Hamilton, Mercedes GP, Tuscan Grand Prix Lewis Hamilton, Valtteri Bottas, Mercedes GP, Tuscan Grand Prix Valtteri Bottas, Mercedes GP, Tuscan Grand Prix Valtteri Bottas, Mercedes GP, Tuscan Grand Prix Alexander Albon, Red Bull, Tuscan Grand Prix
Alexander Albon, Red Bull, Tuscan Grand Prix Alexander Albon, Red Bull, Tuscan Grand Prix Alexander Albon, Red Bull, Tuscan Grand Prix Race, Tuscan Grand Prix Race, Tuscan Grand Prix Race, Tuscan Grand Prix Race, Tuscan Grand Prix Race, Tuscan Grand Prix
Copyright ©2020 Onestopstrategy.com   |   IbetF1 About us    |    Contact    |    Advertising    |    Vacancies    |    Privacy Statement