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Mercedes boss Wolff says new rule gives F1 teams a clear franchise value

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Formula One's (F1) 10 teams now have a clear franchise value after a rule change that means any new entrant will have to pay $200m to join the grid, according to Mercedes F1 boss Toto Wolff.

The money would be shared equally between the existing teams as compensation for the dilution of their share of the sport's revenues.

"I think such a franchise value is completely normal. It should be limited to 10 teams. It is something special, to have an entry into Formula One and that is valid for most of the professional sports leagues."McLaren boss Zak Brown said the fee, which could be seen as a major barrier to new privately-run teams ever coming in, protected the value of existing competitors and meant it made more sense to buy into a team than create one.

Champions Mercedes were previously Brawn GP and before that Honda, BAR and Tyrrell while Racing Point, soon to be Aston Martin, have a lineage from Jordan through Force India.

 

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