With F1 Riding High, “We don’t really need to fix what’s not broken,” say many F1 team principals.
—and to hear many in F1 say it, the gap between it and the stock car boys is closing quickly and dramatically.
But racing’s sanctioning body, FIA, is nowhere near making a decision on whether to expand F1 team ownership from 10 to 11 or 12 or 13 any time soon. FIA’s, which is a key point to keep in mind. “If the entire sport can be better off by adding teams, that’s what we should be looking at doing,” says Alpine’s Otmar Szafnauer.“We haven’t had that in recent years in Formula 1 and the cost cap has helped, better distribution of the income has helped. The fact that the sport is on the ascendancy means we get more sponsorship too and with all that, having 10 healthy teams is great for the sport. If we had more than 10, and it becomes a little bit less healthy, maybe that’s not so good.
Steiner had an interesting take when he was also asked to reply to whether F1 should indeed expand or not, given Haas was the last successful major entity that came into the sport and, more importantly, has stuck around and weathered the storm from both a performance and financial sustainability standpoint.
Judging by their replies, at least two team principals—Red Bull Racing’s Christian Horner and Mercedes’ Toto Wolff, seem completely against expansion.“It’s very difficult in Formula 1 to perform,” Wolff said. “It has taken us many years to be where we are.
“But I think longevity is in the best interest of everybody, to have a settled sport that has a clear direction for the future, of what its goals and objectives are, together with the Technical Regulations and Sporting Regulations and Financial Regulations that we want to develop for the future, to just continue to make the sport better and more appealing and more inclusive, over the coming years.
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