F1 CEO Stefano Domenicali is preparing a revised Concorde Agreement with the FIA and all Formula 1 teams to outline their intention to expand the grid to 12 teams from 2026. To facilitate this, the teams are expecting the entry fee to be raised to roughly $1 billion to counter the money distribution dilution expected with a new team.
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References:
https://twitter.com/MercedesAMGF1/status/1666333202380730370/photo/1
152 laps later. 💪
End of running for @SchumacherMick in Barcelona. 👏 pic.twitter.com/HLjVnCNSF7
— Mercedes-AMG PETRONAS F1 Team (@MercedesAMGF1) June 7, 2023
https://twitter.com/formularacers_/status/1666441946674479105
"We're working on it" 🧐
Martin Brundle speaks to Michael Andretti about his new team with Cadillac and plans to join the F1 grid… pic.twitter.com/7eivkkx6mv
— Sky Sports F1 (@SkySportsF1) May 7, 2023
https://twitter.com/FastestPitStop/status/1666456871878680578
The last race produced NO changes in the Driver's Standings
I don't remember something like that ever happening so early in the season 🤔#F1 #SpanishGP pic.twitter.com/wwQbEjdFTb
— 📈Formula Data Analysis (@FDataAnalysis) June 7, 2023
🗣️ | Helmut Marko:
"The updates from our rivals only led to a change in positions. Without wanting to sound arrogant, they haven't really come close to us; they've simply swapped places. And for us, that's positive because our advantage in the championship grows with each race." pic.twitter.com/wLIou5TmVJ
— RBR Daily (@RBR_Daily) June 7, 2023
Breaking Point: https://www.breakingpoint.gg
Timestamps:
0:00 Alright guys
0:30 Mick Schumacher x W14
4:40 12 Teams
10:00 Red Bull 22 Wins?
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f1, formula 1, racing, motorsport, formula1, ferrari, lewis hamilton, mclaren, race, Mercedes, leclerc, grand prix, gp, verstappen, max, memes, vettel, cars, car, red bull, lando, norris, driver, news, gp, highlights, abu dhabi, Riccardo, sainz, bottas, perez, f1 news, formula 1 news, tacticalrab, Russell, alonso, ocon, gasly, tsunoda, stroll, senna, Schumacher, latifi, albon, guanyu, mazepin, red bull racing, alpine, alpha tauri, aston martin, Williams, alfa romeo, haas, F1 Expansion Plan LEAKED: 12 Teams on the Grid? 💰 F1 News
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