Part 2: Why The FOM Would Be More Inclined Toward An Andretti Bid In 2028 #f1 #formula1
Channel: Going Off Track With Kathryn & Emily
Date: 2024-02-15

Full Episode: https://youtu.be/NyZktO4qiOI
Part 2: https://www.youtube.com/shorts/uJ4w3WkxiB8

🚨Not-so-spoiler alert: the real reason we think the FOM would more heavily consider Andretti joining the grid in 2028:

💰Money💰

It’s money. 

Of course it’s money.

Sure, it’s also ensuring that they would be bringing a competitive team to the grid, but it’s also definitely about the💰💰💰

In the current F1 Concorde Agreement (covering the 2021 to 2025 seasons), if a new team wants to join the grid, they have to provide $2️⃣0️⃣0️⃣ Million to make up for the fact that the prize pool that all the teams are awarded from at the end of the season will be lowered thanks to an additional team.

$2️⃣0️⃣0️⃣ million is a lot of money in general, a mind-boggling amount of money, even (especially when you consider that’s how much Lewis Hamilton is reportedly set to make during the 2-year duration of his new Ferrari contract), but in F1 terms, especially with the current value of the sport, it’s actually pretty low.

So by the time 2028 rolls around, that amount will potentially be increased three or even four times the current amount.

Will Andretti and co be willing to pony up on a significantly higher dilution fee by the time we get to 2028? We think probably, especially with the amount of people who would back an F1 entry with the prestige and brand awareness of the Andretti name.

For more of our thoughts on why Andretti would actually benefit F1 (as opposed to whatever research the FOM says implied otherwise), check out the full episode, wherever you listen to podcasts, as long as those places are 🟣Apple Podcasts and 🟢Spotify (both linked in our bio), or the official 🔴Going Off Track YouTube channel.

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