F1's 11th Team: Horner Says No to Revenue Dilution

Red Bull’s Christian Horner warns F1 teams won’t accept revenue cuts as GM-backed Andretti bids to join the grid.

Christian Horner, Red Bull team principal, stated that the current 10 Formula 1 competitors would not accept a reduction in their revenues to accommodate a new rival.

As F1 is expected to confirm the addition of an 11th team this week, with the Andretti project backed by General Motors/Cadillac (and powered by a Honda engine for a 2026-2027 debut), Horner warns this can only happen if revenues remain unaffected.

“The entry of an 11th team has nothing to do with the teams in terms of decision-making. It’s up to the commercial rights holder and the FIA. And, as with all these things, it comes down to finances and how it will be funded.”

Horner has previously questioned whether some F1 circuits have adequate facilities to host another competitor. Has his stance changed?

“I think as long as it can be managed logistically, we’d have absolutely no issue seeing GM join. But we’re not paying for it. Operationally, like at Zandvoort, how will that work?”

Red Bull owns two of F1’s 10 teams: reigning world champions Red Bull Racing and its junior team, RB F1.

The commercial agreement between the teams, FOM, and the FIA must be renegotiated for 2026 and beyond. This could lead to changes in the $200 million “anti-dilution” fee that any new entrant must pay to join the series.

“As I said, there’s no issue with their arrival; we’d welcome them with open arms, but we don’t want to see the fund diluted. So, the question will be which part of the pie gets eaten. Likely, a little from everyone.”