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Enthusiasts Whirlwind about entry fee: Monaco team confirms interest in Formula 1

13:16  09 february  2021
13:16  09 february  2021 Source:   de.motorsport.com

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After Formula 1 boss Stefano Domenicali announced a possible suspension of the high entry fee, a potential newcomer speaks out

2019 had contacted the Monegasque MIM group ( Monaco Increase Management) an new team for Formula 1 announced. Entry into the premier class should take place in 2021, but this had to be postponed due to the corona pandemic and the associated postponement of the new regulations.

When the announcement of an entry fee of 200 million US dollars , which is to be divided among the existing teams, appeared, all hope of a newcomer seemed to have fallen. But now MIM managing director Salvatore Gandolfo speaks up again and still does not rule out entry into the premier class.

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The reason for this are statements by the new Formula 1 boss Stefano Domenicali, who under certain circumstances could suspend the entry fee anchored in the new Concorde Agreement. The Italian has not elaborated on the circumstances, but he confirms that despite recent developments there is interest from new teams.

One of them is the "Monaco F1 Racing Team Project" around Gandolfo. "We believe that the latest statements by the new Formula 1 boss Stefano Domenicali, which suggest a possible suspension of the 200 million entry fee, represent a step in the right direction," he says.

"We appreciate the open attitude of Stefano and the FIA ​​and are ready to take the necessary steps to finalize our application."

Panthera too happy about the new development

The team had already named ex-Formula 1 driver Pascal Wehrlein and IndyCar driver Alex Palou as possible drivers in 2019. Gandolfo planned the entry together with the team boss Adrian Campos , who recently passed away.

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Salvatore Gandolfo © Provided by motorsport.com Salvatore Gandolfo

Salvatore Gandolfo sticks to his Formula 1 plans


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Photo: Monaco Increase Management

Another name that is often associated with a Formula 1 entry is Panthera. In this project too, Domenicali's statements were followed with interest: "We welcome Stefano's statements," said co-founder Benjamin Durand to 'RaceFans' .

"But we need to understand the circumstances under which payment could be suspended. We are currently exploring other options, including investing in existing teams. That could change that," said Durand.

Domenicali: Great interest from manufacturers

Domenicali also confirms "great interest" from manufacturers who want to understand the future of Formula 1. "And we get new inquiries from teams and other organizations who want to see whether there is a possibility to invest in Formula 1. That is a sign that our principles and ideas are good for a positive Formula 1 future. "

However, the Italian also admits that a new team is unlikely to join in the next two to three years. In 2019, Formula 1 emphasized that would not have any serious discussions with new teams - despite the MIM Group's offensive interest.

The last new Formula 1 team was Haas, who entered the premier class in 2016.

With images from Motorsport Images .

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