According to the British broadcaster, the American consortium will pay 450 million dollars to enter Formula 1.
Yesterday, the official announcement was made regarding the entry of the eleventh team in Formula 1, starting from the 2026 season. This is the American consortium formed by General Motors and Cadillac, which has succeeded in reaching an agreement with the Formula 1 leadership for an entry into the top motorsport series in two seasons.
A significant milestone has been reached with determination and substantial resources, both financially and politically. On the financial side, interesting details have emerged regarding General Motors-Cadillac‘s entry into Formula 1: according to the BBC, the American consortium will pay 450 million dollars to the ten teams already in Formula 1 to prevent them from being harmed by the entry of a new team.
This is a very important investment, especially since the current entry fee is 200 million dollars, and starting in 2026, it will rise even further, reaching significant amounts. Given the amount paid by the American team, the entry fees could approach 400 million dollars.
Meanwhile, the Cadillac team has already started working, accelerating all aspects, from technical to managerial. As for the leadership roles, the American consortium is relying on former F1 driver Mario Andretti, who will take on the role of director within the team’s board.
Andretti commented on his new role within the team: “Formula 1 was my first love, and 70 years later, the paddock is still my happy place. I’m so excited to be part of this project with Cadillac, Mark Walter, and Dan Towriss. It’s hard to believe that I’m still involved at this stage in my life.” Michael Andretti also shared his thoughts: “The Cadillac F1 team is made up of incredible people who have worked tirelessly to build a competitive American team. I’m extremely proud of their commitment, and I applaud them for reaching this important milestone. I’ll be cheering them on with all my heart!”
The project is clear: the Cadillac team will be led by General Motors, which, by 2030, is committed to providing its own engine. In the meantime, the American team will be powered by another supplier, with Ferrari currently seeming to have the upper hand over the competition.