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The FIA launched an entry process in February that is still open and is scheduled to produce an outcome in June after all bids have been examined.
At the moment, if accepted, a new entrant has to pay a $200m ‘anti-dilution fee’ that is shared between the 10 existing teams.
Officially that number is meant to reflect the potential losses each team will incur with an extra team taking a slice of the F1 income pie.
It is also said by some sources to be related to the approximate bottom-end value of a team such as Williams at the time the last Concorde Agreement was signed.
However, helped by the cost cap, Drive to Survive and a strong recovery from the COVID years, the sport is now in a much healthier state than when the $200m figure was agreed upon, and team …