Toto Wolff does full 180 over General Motors’ F1 bid after Andretti exit
Toto Wolff has changed his stance over an eleventh F1 team following General Motors' takeover of Andretti bid.
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Toto Wolff and Michael Andretti (images via IMAGO)
General Motors will enter F1 as the eleventh team in 2026 with Cadillac. The American carmaker took over the project from racing icon Michael Andretti. Now, Toto Wolff who had opposed Andretti’s bid, has changed his stance following GM’s control.
Wolff emphasized that he had always been ready to welcome a team if their bid was accretive. The Austrian billionaire reckoned that GM’s proposal became a no brainer due to the value the American carmaker would bring to the sport.
I’ve always said, if a team is accretive – as in value-adding – absolutely, because it’s a no brainer.
Toto Wolff said, as reported by RacingNews365
The Mercedes team boss took a dig at Michael Andretti, claiming that he was trying to get into a party uninvited. Toto Wolff further pointed out that Andretti did not even make a proper case for bringing a new team on the grid.
But if you want to go to a party and you’re not invited, at least make the case why you should be sitting at the table. None of that happened.
Toto Wolff added
Toto Wolff pinpoints unknowns over GM’s F1 entry
The Austrian billionaire was satisfied to see GM’s plans including future development of own power units. However, Toto Wolff pointed out that the entry still has a few unknowns including the anti-dilution fees that will be paid to the existing teams, or even how the deal would be structured commercially between F1 and the new team.
Now, GM coming in as a shareholder, with its own engine, is accretive. Definitely. But we still don’t know enough about the structure of the deal, the anti-dilution payment, or the eligibility to participate in the prize fund.
Toto Wolff explained
So far, General Motors has managed to convince the F1 paddock for a spot on the grid, something Michael Andretti failed to do. However, problems can arise in the coming months when the intricacies of the deal are negotiated to satisfy existing teams.
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Armaan Agarwal
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