Mercedes chief executive Toto Wolff has commented on reports that Michael Andretti wants to create a new team in Formula 1.
“Certainly, Andretti is a big name in motorsport and the American market is also important for Formula 1. Every team that joins should add value. Not only by paying a $200 million fee, but by showing what she can do for all other teams, for Formula 1 and the FIA. Only then will the sport develop.
But if a good team wants to join the championship – with good people, with the necessary funding, and it’s not even about these 200 million dollars, if you want to join the F-1 club?, you need to be ready to spend somewhere around 1 billion dollars ” , — quotes the words of Wolff The Race.
Previously it was reported that FIA did not formally start the process of consideration of submitted applications by potential new teams.
