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this post was submitted on 01 Feb 2024
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Formula 1
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You’re not wrong. Of course they don’t want any new entries. It doesn’t matter if it’s Andretti, Toyota, Porsche or anyone else. The pie doesn’t get bigger, it gets distributed to everyone equally, which means they’re getting less money for every new team added.
None of these teams are going to vote against their own interests. There’s no incentive to allowing new teams (to them), everything about it is a negative for the teams already in place.
also important to remember they’ve maxed out the number of GPs in a season, so the low hanging fruit to increase revenue is gone. that’s why we’re now seeing crap like this and sprints. they are desperate to keep the money they have and squeeze out every last cent.
soon classic tracks like spa will be gone in favor of more profitable ones. they’ll find ways to cram more and more sponsorships in the broadcasts. targeted ads on streaming platforms. who knows, maybe even full blown ad breaks during races.