Is a 12th Formula 1 Team on the Horizon?
In a groundbreaking development, former Alpine team boss, Otmar Szafnauer, is spearheading efforts to introduce a 12th Formula 1 team to the grid. With robust financial backing and a committed automaker ready to join the sport, Szafnauer is confident in the imminent formation of a new team. Despite acknowledging the challenges that new entrants face, as evidenced by Andretti’s struggles to secure approval, Szafnauer remains undeterred in his mission.
Furthermore, Szafnauer and his consortium of investors are open to acquiring an existing team, provided the terms are favorable. While the current scarcity of teams for sale, partly due to the forthcoming Concorde Agreement (2026-2030), poses a hurdle, Szafnauer is optimistic that some owners may consider exiting in the future, presenting a golden opportunity. The valuations of existing teams currently exceed $1 billion.
“The finances are in place,” affirmed Szafnauer. “I can say with confidence that the financiers are reputable individuals with the financial means to support a Formula 1 team. The automaker poised to join Formula 1 is in the right position. It’s just a matter of timing for the 12th team to take off. And perhaps, in the near future, there might be one for sale.”
Excitement mounts as the prospect of a new Formula 1 team looms large on the horizon, promising a fresh dynamic to the pinnacle of motorsport.