The day before, it was officially announced that a new team would appear in Formula 1 in 2026: Cadillac F1. This is a joint project between General Motors and the holding company TWG Global of investor Dan Taurisse, under whose control Andretti Global’s assets came.
Every new team must pay an entry fee to participate in Formula 1. According to the current Consent Agreement, the amount is 200 million dollars. The agreement expires at the end of 2025, and since the Cadillac F1 will debut in 2026, the entry fee will be different: it will increase significantly.
Several senior Formula 1 sources have told BBC Sport that GM and TWG will pay an entry fee of $450 million.
This amount will be divided among the ten active Formula 1 teams as compensation for the loss of part of the prize money as a result of the fact that the prize money will now be divided into eleven parts instead of ten.
In addition to the cost of the entry fee, the Cadillac team will have to sign a contract to supply powertrains for customers, as GM’s own powertrain won’t be ready until 2028.
Team representatives are negotiating with several manufacturers and Ferrari is currently considered the favourite. From 2026, the Italian company will no longer supply its power sources to Sauber, which will become Audi’s factory team and switch to its own engines. This frees up Ferrari’s capacity and allows them to supply engines to the Cadillac team.
Source: F1 News
I am Christopher Clyde, an experienced journalist and content writer with a passion for sports. I have been writing about Formula 1 news for the past five years and am currently employed as an author at athletistic.com, one of the top sports websites in the US.
