Formula 1 Receives Interest from Multiple Teams for Entry, Says FIA President

news 06-Jul-2023 Sport

FIA President: Several Teams Show Interest in Formula 1 Entry

Silverstone - According to the President of the International Automobile Federation (FIA), more than five teams have expressed their interest in entering Formula 1 by submitting their proposals to the FIA. In a conversation with the American news agency AP, Mohammed Ben Sulayem acknowledged that "not all of them are serious, and not all of them are qualified to be part of the pinnacle of motorsport."

However, the 61-year-old FIA boss from the United Arab Emirates highlighted the intention of Michael Andretti to enter Formula 1 with American manufacturer General Motors and its brand Cadillac. Andretti plans to enter in 2026 if approved by the FIA. It is already clear that Audi will be entering the sport in 2026 as well.

In the 2026 season, the engine regulations will be reformed. The cars will be powered half-electrically and half with sustainable fuel. Audi will gradually take over the Sauber team, currently competing as Alfa Romeo.

Objections from Current Teams

However, there have been objections from current teams regarding expansion. They would have to share revenues among more than the current ten teams. Additionally, a completely new team would also have to pay a $200 million entry fee. Nevertheless, Ben Sulayem is convinced that "GM is a heavyweight, and if they come with Andretti, it is good for all of us." Recently, Formula 1 owners Liberty Media from the United States also hinted that they would work towards an eleventh team under certain conditions.

Will Formula E Replace Formula 1 as the Premier Motorsport Championship?

It is evident that interest in Formula 1 has increased significantly since its acquisition by the US company. The racing series is scheduled to have three races in the United States this year, and new fans are joining, partly due to the Netflix series "Drive to Survive."

Additionally, this weekend, the filming of a Hollywood movie starring Brad Pitt is set to begin on the sidelines of the British Grand Prix. Recently, actors Ryan Reynolds and Rob McElhenney also bought stakes in the French Alpine team. And according to Ben Sulayem, perhaps there will be a future Chinese team as well.

The landscape of Formula 1 is evolving, with new teams expressing interest and potential changes in the competitive field. The sport continues to capture the attention of fans worldwide, and the anticipation for future developments is growing.

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