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Friday, July 12, 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.
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.

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