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I’d give both of you a +1 if it was avail. Extremely enlightening discussion. Thank you both for taking the time to write all of that. Cheers-Cs98 wrote: ↑06 Oct 2023, 12:52The reason is called profitability. Even if it was sustainable for them to spend all of that money it was wasteful. No extra exposure but a lot of extra cost, the budget cap put an end to that and saved them a lot of money.FW17 wrote: ↑06 Oct 2023, 08:52I disagree. Chase created all those points of negotiations with the teams.Cs98 wrote: ↑05 Oct 2023, 12:52
Because all those things Chase Carey negotiated were actually beneficial for the teams on the whole. It made them much easier to fund and in some cases profitable, that's not a difficult pitch for a decent negotiator. Domenicale on the other hand is being asked to cut their revenue share whilst FOM keeps its share as is. They'll get some compensation for it initially, but it's probably going to be a losing proposition in the long run. And the idea that Andretti's presence will increase revenue is hopeful at best. There will be some hype initially but it will die down, and 2-3 years after they join it will be business as usual, but with 11 teams sharing the pie instead of 10. And those 11 teams will undoubtedly be very demanding when the next concorde agreement is to be negotiated. In the end the revenue of the sport will not be affected by the nationality of one team, but rather the quality of the competition. I'm not convinced Andretti has the resource, know how, or even the ambition to actually become a contender. They'll get in and be content with their billion dollar valuation and annual revenue from F1 and sponsors. Americans will not embrace their mediocrity, and Andretti is anyways mostly unknown to the demographics that F1 is targetting in the US.
There was no reason for the top 3 teams (Ferrari, Mercedes and Red Bull) to agree to a budget cap when they had no issues with their cashflows, or for them to give up on their championship bonuses.
These were well handled by Chase. On the other hand Domenicali has not put forward anything that would be a point of discussion towards signing the next deal. The only thing we have heard is him unloading on any new team proposal and talking about franchise.
Anyway when Cadillac joins, and if they finish last for the next 5 years, the teams would loose about 276 million (4% of revenue with a base of 1.15 bn and 8% yearly teams price money growth). If they finish 6th every year teams would loose 613 million. If they progress steadily from last to 6th over the 5 years, teams loose 421 mn. From all of this the 200 mn dilution fee need to be deducted.
Apparently F1 doesn't like the idea of them having customer engines for 2-3 seasons before Cadillac comes in in 2028. Which is a BS reason in my opinion.
Makes sense because everyone else has a works engine. Oh, hang on...Cuky wrote: ↑31 Jan 2024, 20:44Apparently F1 doesn't like the idea of them having customer engines for 2-3 seasons before Cadillac comes in in 2028. Which is a BS reason in my opinion.
My personal opinion is that F1 wouldn't snub Andretti if they weren't fighting with FIA on who has more control of a sport.
Go for it!
With such iconic venues as Sepang, Magny Cours, Hockenheim, Surfers Paradise or Adelaide etc.
Of course. But as always, Andretti could have purchased Hispania Racing, Manor Racing or Caterham F1 many years ago. Formula One Management and the FIA did admit three new teams in 2010, after all, those teams were around for a while and were available for purchase when they became insolvent due to prize money only being padi to top 10 WCC,
