Toto Wolff has expressed his frustration over the anti-dilution fee (Image: Getty)
has expressed his frustration over the £358million ($450m) anti-dilution fee that General Motors will pay to set up the F1 Team, claiming that will ‘lose out’ on revenue in the short term.
Under the current agreement, approximately 63 per cent of F1’s income is distributed to the teams. When Cadillac join the grid in 2026 and become the 11th squad, the revenue share for the existing teams will decrease, and so new entrants are forced to pay increasingly dear anti-dilution fees to compensate their new rivals.
“In the first instance, we lose out,” the team principal explained. “We don’t know what Cadillac will invest in Formula One. The compensation fee, which is currently set at $450 million, is too low. It does not make up for the direct loss in income.”
He went on to add: “Only time will tell what value the sport gains from having an 11th participant. If the sport’s value increases, then everyone benefits. But we just don’t know yet.
“No one has spoken to me about Cadillac’s exact plans. If Cadillac enters now with a works team and invests an appropriate marketing budget into Formula One, it will be a valuable addition to the sport.”
Wolff isn’t the only team principal concerned with the finances behind the deal. chief made his thoughts clear before the deal to bring Cadillac in was confirmed. “It’s down to the commercial rights holder and the FIA,” he said.
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Christian Horner shares Toto Wolff’s concerns (Image: Getty)
“And like with all these things, it comes down to the finances and how it’s going to be funded and how it’s going to be paid. As long as, logistically, they can be accommodated, we have absolutely no problem with seeing GM come here — but we’re not paying for it.”
While team principals are concerned about the finances behind Cadillac’s arrival, drivers and fans are excited about the opportunities that two new seats and a fierce new competitor will bring to F1.
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Speculation has been rife discussing the two drivers who could represent the new squad. One of them is likely to be Andretti IndyCar sensation Colton Herta, who came close to joining AlphaTauri in 2023 as ’s replacement but was denied an exception to the super license regulations.
The other driver could be a more experienced F1 star. Valtteri Bottas, and are all contenders, having left the grid at the end of the 2024 campaign, while the likes of Mick Schumacher and could see Cadillac as their last shots at staying in the paddock.