Motorsport Week
  • Formula 1
    • 2023 Formula 1 Calendar
    • 2023 Formula 1 Standings
    • 2023 Formula 1 Driver Line-Up
    • 2023 Formula 1 Driver Penalty Points
    • 2024 Formula 1 Driver Line-Up
  • Formula E
    • 2022/23 Formula E Standings
    • 2022/23 Formula E Calendar
    • 2022/23 Formula E Team/Driver Line-up
  • IndyCar
    • 2023 IndyCar Calendar
    • 2023 IndyCar Driver Line-Up
    • 2023 IndyCar Standings
  • WRC
    • 2023 WRC Calendar
    • 2023 WRC Standings
    • 2023 WRC Driver Line-up
  • MotoGP
    • 2023 MotoGP Calendar
    • 2023 MotoGP Team/Rider Line-Up
    • 2023 MotoGP Standings
  • WEC
    • 2023 WEC Calendar
    • 2023 WEC Hypercar Team/Driver Line-up
  • IMSA
    • 2023 IMSA GTP Team/Driver Line-up
    • 2023 IMSA Calendar
  • More
    • Formula 2
      • 2023 Formula 2 Race Calendar
      • 2023 Formula 2 Driver Line-up
    • Formula 3
      • 2023 Formula 3 Race Calendar
      • 2023 Formula 3 Driver Line-up
    • DTM
    • WSeries
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
  • Formula 1
    • 2023 Formula 1 Calendar
    • 2023 Formula 1 Standings
    • 2023 Formula 1 Driver Line-Up
    • 2023 Formula 1 Driver Penalty Points
    • 2024 Formula 1 Driver Line-Up
  • Formula E
    • 2022/23 Formula E Standings
    • 2022/23 Formula E Calendar
    • 2022/23 Formula E Team/Driver Line-up
  • IndyCar
    • 2023 IndyCar Calendar
    • 2023 IndyCar Driver Line-Up
    • 2023 IndyCar Standings
  • WRC
    • 2023 WRC Calendar
    • 2023 WRC Standings
    • 2023 WRC Driver Line-up
  • MotoGP
    • 2023 MotoGP Calendar
    • 2023 MotoGP Team/Rider Line-Up
    • 2023 MotoGP Standings
  • WEC
    • 2023 WEC Calendar
    • 2023 WEC Hypercar Team/Driver Line-up
  • IMSA
    • 2023 IMSA GTP Team/Driver Line-up
    • 2023 IMSA Calendar
  • More
    • Formula 2
      • 2023 Formula 2 Race Calendar
      • 2023 Formula 2 Driver Line-up
    • Formula 3
      • 2023 Formula 3 Race Calendar
      • 2023 Formula 3 Driver Line-up
    • DTM
    • WSeries
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
Motorsport Week
Home Single Seater Formula 1

‘Just risk, no benefit’ – Steiner warns against expanding F1 grid

by Fergal Walsh
8 months ago
A A
0
‘Just risk, no benefit’ – Steiner warns against expanding F1 grid
Share on FacebookShare on Twitter

Haas Team Principal Guenther Steiner says that there would be “no benefit” to an 11th team being set up on the Formula 1 grid.

In recent months, there has been increased talk of a new team establishing itself in the paddock.

Andretti Global has been the most vocal party and has even announced a tie-up with General Motors, which would see Cadillac join the grid with it should its bid be successful.

However, Andretti has faced resistance from a number of F1 teams over fears of how it would impact the revenue shares.

RelatedPosts

Andretti says its team ‘will heighten F1 globally’

Andretti says its team ‘will heighten F1 globally’

4 hours ago
FIA approves Andretti bid to become 11th F1 team

FIA approves Andretti bid to become 11th F1 team

5 hours ago

But not all teams have responded negatively to Andretti’s interest, with McLaren and Alpine offering support to the US squad.

When it joined the field, Haas, F1’s newest team, took over the facility that the collapsed Marussia squad operated out of in Banbury.

Marussia’s stint in the sport was largely unsuccessful as it was rooted to the back of the field before folding ahead of the 2017 campaign, following a season competing under the guise of ‘Manor Racing’.

But as F1 is currently enjoying a boom in popularity thanks in part to the Netflix Drive To Survive series, which has increased viewership and audience engagement across the last several seasons, F1 is now an attractive market for new squads.

But Steiner has warned that F1 must be careful when it comes to welcoming a new team, as he believes it poses a risk of placing a current squad in danger of collapsing.

“To bring an 11th team in… five years ago, you could get teams for nothing,” he told Sky F1. “You could pick it up, nobody wanted them and they went out of business. 

“Now all of a sudden, everyone wants a team. But it’s a lot of people which want to come in just ride the wave [of] Formula 1. 

“The teams which are here, they are all financially stable, they are all set-up. It’s a very good environment at the moment, nobody is struggling. 

“So if you put an 11th team in you get a little bit of a dip in the economy or something, all of a sudden it’s all there. People maybe struggle to survive. 

“Why take that risk if there’s no upside? An 11th team, what upside is it bringing? It’s not for me to decide, it’s for FOM to decide because they are managing more, FOM and FIA, the business side of general F1. 

“But there is no upside at the moment for an 11th team to come for the other teams. There is just risk, no benefit.”

The FIA has formally started the process of bringing in new teams from 2025 at the earliest.

However, new outfits may look to concentrate on setting up for 2026, when new technical regulations are set to be introduced.

They include a brand new power unit, with six manufacturers – including Honda – signing up for the new cycle.

Tags: F1HaasSteiner
Share1033Tweet646

Related Posts

Andretti says its team ‘will heighten F1 globally’
Formula 1

Andretti says its team ‘will heighten F1 globally’

4 hours ago
FIA approves Andretti bid to become 11th F1 team
Formula 1

FIA approves Andretti bid to become 11th F1 team

5 hours ago
Norris: McLaren has ‘proven’ it can fight against F1’s top teams
Formula 1

Norris: McLaren has ‘proven’ it can fight against F1’s top teams

6 hours ago
Load More

Upcoming Races

#EventLocationDate
14Dutch GPZandvoort27 August
15Italian GPMonza03 September
16Singapore GPMarina Bay17 September
17Japanese GPSuzuka24 September
18Qatar GPLusail08 October

Click here for the full 2023 F1 calendar

Drivers’  Standings

#DriverPts
Max Verstappen400
Sergio Perez223
Lewis Hamilton190
Fernando Alonso174
Carlos Sainz150
Charles Leclerc135
Lando Norris115
George Russell115
Oscar Piastri57
Lance Stroll47

Click here for full Drivers’ Standings

Latest Articles

Andretti says its team ‘will heighten F1 globally’
Formula 1

Andretti says its team ‘will heighten F1 globally’

October 2, 2023
FIA approves Andretti bid to become 11th F1 team
Formula 1

FIA approves Andretti bid to become 11th F1 team

October 2, 2023
Norris: McLaren has ‘proven’ it can fight against F1’s top teams
Formula 1

Norris: McLaren has ‘proven’ it can fight against F1’s top teams

October 2, 2023

Follow Motorsport Week

Motorsport Week

© 2023 Motorsport Media Services Ltd

Other Links

  • About & Contact
  • Privacy Policy
  • Motorsport Monday

Follow Us

No Result
View All Result
  • Login
  • Sign Up
  • Home
  • Formula 1
    • Latest News
    • Championship Standings
    • 2023 F1 Calendar
    • Team/Driver Line-Up
    • Session Results
    • Driver Penalty Points
  • Formula E
    • Latest News
    • 2022/23 Formula E Standings
    • 2022/23 Formula E Calendar
    • Session Results
  • MotoGP
    • Latest News
    • Standings
    • Calendar
  • WRC
    • Latest News
    • Standings
    • Calendar
  • IndyCar
    • Latest News
    • Calendar
    • Standings
  • WEC
    • Latest News
    • Calendar
  • Live Updates
  • Other
    • Formula 2
    • Formula 3
    • Moto2
    • Moto3
    • WSeries
    • DTM
    • IMSA
  • Galleries
  • About/Contact
  • Privacy Policy

© 2023 Motorsport Media Services Ltd

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
X