• Loading stock data...
Wednesday, December 4, 2024

F1 CEO Doesn’t Want New Teams Despite Seat Shortage

  • Formula 1 CEO Stefano Domenicali acknowledged that there are more qualified drivers than available seats but dismissed calls to add teams.
  • He said that the series could become “too crowded” with additional teams.
Formula-1
Jerome Miron-USA TODAY Sports

Formula 1 president and CEO Stefano Domenicali said that adding new teams to the global racing series is “not a priority,” despite a lack of seats for drivers to fill.

“Adding one or two, you may open up some driving seats,” said Domenicali. “But we need to also have the right dimension in what is successful for the sport.”

Domenicali believes that F1 — which has 10 teams and 20 seats for the 2022 season — could become “too crowded,” but the series continues to garner interest from top car brands. 

  • Audi announced in August that it is joining F1 in 2026 as a power unit constructor.
  • Porsche planned to purchase 50% of Red Bull’s F1 team and 50% of Powertrains.
  • The two parties failed to come to an agreement, but Porsche still wants to enter F1. 

A new set of rules for F1 — which include a financial cap — have been implemented this season to make the series more competitive. 

However, the rules continue to separate teams who have failed to take full advantage.

Bigger Than Ever 

F1 recently unveiled its 2023 schedule — its most packed race calendar ever.

The schedule includes 24 races, including a return to Las Vegas for the first time since 1982. The race joins two other U.S. contests, the Miami Grand Prix and Austin’s U.S. Grand Prix.

New international stops include China — which rejoins the F1 calendar after a three-year break.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Feb 11, 2024; Paradise, Nevada, USA; Elon Musk looks on before Super Bowl LVIII between the San Francisco 49ers and the Kansas City Chiefs at Allegiant Stadium.

Can Elon Musk’s X Fix Its Rampant Fake Sports News Problem?

Little is known about how X will enforce its new policy aimed at parody accounts.

Red Bull Faces Driver, Financial Questions After Pérez’s Exit

Sergio Pérez is trailing Max Verstappen by 227 points in the championship.
A line of Black Friday shoppers streams into the Nike Store at Tanger Outlets in Pooler.

Sportswear Giants Are Ready for Trump’s Tariffs This Time Around

Retailers cut their exposure to China when Trump imposed tariffs in 2018.
Oct 1, 2024; Brooklyn, New York, USA; Las Vegas Aces guard Kelsey Plum (10) drives past New York Liberty forwards Kayla Thornton (5) and Betnijah Laney-Hamilton (44) during game two of the 2024 WNBA Semi-finals at Barclays Center.

Kelsey Plum Backs Out of Unrivaled

She’s skipping the new league’s season, along with Caitlin Clark.

Featured Today

Dec 18, 2022; Lusail, Qatar; FIFA president Gianni Infantino claps during the awards ceremony after the 2022 World Cup final between Argentina and France at Lusail Stadium.

FIFA Wants More Matches. Resistance Is Growing Inside the Global Soccer World

Resentment and frustration over expanded schedules is nearing a breaking point.
November 30, 2024

U.S. Investors Are Gunning for England’s Small Soccer Clubs

Is another Hollywood-like success story possible among the U.K.’s smallest clubs?
Nov 1, 2024; Boise, Idaho, USA; Boise State Broncos running back Ashton Jeanty (2) leads the team onto the field prior to the first quarter against the San Diego State Aztecs at Albertsons Stadium.
November 29, 2024

Schools Are Scrambling to Prepare for the NCAA Revenue-Sharing Era

In the post–House v. NCAA world, “everyone’s kind of on their own.”
Nov 4, 2024; Kansas City, Missouri, USA; Recording artist Taylor Swift arrives prior to a game between the Tampa Bay Buccaneers and the Kansas City Chiefs at GEHA Field at Arrowhead Stadium.
November 29, 2024

The PWHL Could Be Inviting a Date With Taylor Swift’s Legal Team

The Toronto Sceptres may have opened a Pandora’s box of trademark issues.
Oct 16, 2024; New York City, New York, USA; MLB Commissioner Rob Manfred before game three of the NLCS for the 2024 MLB playoffs at Citi Field.

Manfred’s Golden At-Bat Idea Is His Most Radical Rule Change Idea Yet

The idea is an attempt to create more signature moments in games.
December 2, 2024

Premier League Fans Protest Soaring Ticket Prices Despite Financial Boom

Fan protests involve several of the top pro clubs in English soccer.
Jul 20, 2024; Phoenix, AZ, USA; Team WNBA guard Caitlin Clark (left) and Angel Reese against the USA Women's National Team during the 2024 WNBA All Star Game at Footprint Center.
December 3, 2024

Clark vs. Reese, Valkyries Debut Highlight WNBA Schedule Release

The 2025 WNBA season will feature a record 44 games per team.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
November 26, 2024

F1 Las Vegas Grand Prix Viewership Falls in Year Two

The F1 Las Vegas Grand Prix drew 905,000 U.S. viewers this year.
November 26, 2024

Padel Is Sparking a ‘Gold Rush’ in the Crowded Racket Sport Space

The racket sport space is crowded, but investors see an opening.
Oct 20, 2024; Minneapolis, Minnesota, USA; Detroit Lions place kicker Jake Bates (39) reacts after kicking the game winning field goal late during the fourth quarter against the Minnesota Vikings at U.S. Bank Stadium.
November 25, 2024

UFL Had Strong Debut, Developed NFL Talent. Now It Wants to Expand

Heading into its second season, the league wants to add teams.
November 25, 2024

Formula One Will Add GM to Grid as Cadillac by 2026

F1 rejected GM’s bid in January, when it was led by Michael Andretti.