Showing posts with label Hitech. Show all posts
Showing posts with label Hitech. Show all posts

Saturday, 8 July 2023

WLOLFF SAYS WOULD-BE NEW F1 TEAMS SHOULD BUY AN EXISTING ONE

Reuters 


Formula One has 11 teams at Silverstone this weekend, one of them the creation of Brad Pitt and Hollywood moviemakers, but in reality the existing 10 remain resistant to expanding their numbers.

Several would-be newcomers are seeking to become an 11th or 12th team but that would bring with it a dilution of revenues for the rest.

Most of the 10 also believe the $200 million fee to be shared out among them as compensation is set too low given recent valuations.