It became public last weekend that new entrants wishing to enter Formula 1 would then be expected to pay $ 200 million, a money that would be distributed purely among those already inside as “compensation” for having to cut more after a new entrant arrives. F1 revenues meant cake.
At the same time, the slightly mafia-tasting innovation did not surprise the management of the Panthera project, which was originally scheduled for 2022 but was now responding to the corona virus, due to the postponement of major rule changes.
“In a sense, we expected that. We’ve heard about this in the negotiations for a long time, ”Benjamin Durand, who runs the project, told RaceFans.net, adding that they were thinking of a significantly lower amount of 80-120 million.
“It’s obviously not good news for us, but it’s not new because we were expecting it. But of course it makes our job harder. It’s a lot easier to make $ 100 million than $ 300 million. ”
Durand, along with the above, welcomed the move, and overall sees the jump money as a positive thing:
“Clearly, for the sake of the teams already inside, that’s what we understand, it’s a good thing. When we negotiate with potential investors, it also shows that this series takes care of its participants, which is not true for all competition series. So that’s a good thing. ”