“Who’s going to pay for it,” Christian Horner touches upon F1 teams’ disagreement with Andretti-Cadillac
Red Bull principal Christian Horner opined on Formula One teams' disagreement with Andretti-Cadillac.
![“Who’s going to pay for it,” Christian Horner touches upon F1 teams’ disagreement with Andretti-Cadillac](https://firstsportz.com/wp-content/uploads/2023/01/IMG_COM_20230129_2137_30_1061.jpg)
Christian Horner
During an interview with Forbes, Andretti slammed Formula one team owners and called the gird “greedy”. Christian Horner, Red Bull’s team principal tried to explain the reason in his recent interview. Christian Horner, the team principal of the Red Bull team, believes that the reasons why it’s not as easy as giving Andretti Cadillac a position on the grid in exchange for $20 million for each team have not been adequately articulated, which has caused a misunderstanding of the respect the proposal has earned.
Horner informs RACER, “Look, Andretti is a terrific brand, a great team. GM with Cadillac as well would be two phenomenal brands to have in the sport. I don’t think there can be any dispute about that. It ultimately boils down to, ‘Well, who’s going to pay for it?’ And you can assume that if the teams are perceived to be paying for it – or diluting their payments to accommodate it — of course, it’s not going to sit that well.” Christian Horner recognizes that just two of the ten teams are in favor of Andretti Global entering the F1 grid. The other eight are solely focused on finances and the “dilution” of the prize pool.
Anti-dilution clauses serve as a buffer to guard investors against having their stock-holding interests reduced in value or diluted. The existing Concorde Agreement’s anti-dilution charge was calculated based on Williams’ anticipated cost at the time. Dorilton Capital acquired the team for about $200 million in the middle of the pandemic. Horner hopes for a solution as they are both excellent names that would be welcomed in Formula 1.
Related: Fans recall when Formula 1 partnered up to make special toolboxes
Christian Horner recommends a suitable model for Andretti
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Christian Horner prefers that Andretti adopt the Audi strategy. Not just Cadillac and Andretti are well-known brands attempting to break into Formula One. Audi declared in 2022 that they will return to Formula One following the engine freeze but would not form a new team. After the 2023 season, Alfa Romeo is expected to retire from competitive racing, and until 2025, the team will compete under the name Sauber. They will formally become the Audi F1 team starting in 2026. According to Horner, Andretti can do the same to operate more efficiently.
Horner believes that Andretti would be far better off purchasing an established team. Additionally, he said that other team managers will embrace the idea with open arms. However, if they decide to create an additional team, they will have to take money away from the present Formula One teams’ profits. This off-grid season is filled with Andretti Cadillac conversations, there can be some alterations for the team, or Andretti’s block might just continue further.
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Gerard Crispin
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