Steiner sees 'no upsides' to new F1 teams: 'Just risks, no benefit'

15:36, 10 Feb 2023
3 Comments

Guenther Steiner believes Formula 1 does not need a new team, given the financial stability of the current teams. As such, the Haas team boss sees no benefit in the possible arrival of a new team like Michael Andretti's.

For now, Haas is the latest team to join the F1 grid through a new entry. The American racing stable debuted in 2016 with Romain Grosjean and Esteban Gutierrez behind the wheel. Back then, it was easier to join a new team, Steiner stressed. However, the latest version of the Concorde Agreement changed that.

Steiner sees no benefits in new teams

The agreement laid down stricter rules to protect the current 10 teams on the grid. According to Steiner, this is not for nothing: "The ten teams which are here, they're all financially stable," he says in conversation with Sky Sports. "It's a very good environment at the moment, nobody is struggling."

Steiner fears that if an 11th team is added to the grid, there will be a dip in the sport's economy. "It is not for me to decide, it's for the FOM and FIA, because they're managing the business side of F1. But there is no upside at the moment for an 11th team to come for the other teams. There is just risk, no benefit," said the Haas team boss.

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3 Comments
JEM 10 February 2023 at 17:15+ 12716

Of course he see no benefit and only risks. A team like Andretti breaths motorsports and is likely to finish higher than Haas in the ranking. As a result Haas fears to get less money. Yet I think for the fans of F1 a team like Andretti is very much welcome. They bring experience and hopefully more competition

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ibohunt 10 February 2023 at 19:59+ 9614

Nailed it, as usual

F1 Rick 10 February 2023 at 16:04+ 1294

Seems a new entry or entries into F1, is unrealistic in the near future. Even teams like Williams and Haas are not even support, the financial aspect has to be iron to get the confidence of the teams.