In an exclusive interview with Sky Sports, Stefano Domenicali has underlined that the organisation is ‘very welcoming of everyone that is bringing value to the racing’, as he explored the possibility of an 11th team being introduced to the competition.
There have been a plethora of potential candidates being vocal about their opportunity to enter the racing ecosystem. However, existing sides have outlined that any entry would require an adjustment to the prizing structure of the competition.
Domenicali emphasised that respecting the competition and its existing teams is at the heart of the moves by F1, as he looked ahead to steps the competition can take to maximise growth.
He stated: “I think we need to respect everyone. There are teams like Mario and Michael Andretti being very vocal about their will to enter Formula 1. But in my view it is not smart to say that teams are greedy.
“There are others that are much less vocal that would like to come into Formula 1, so there is a process to respect and we will make sure together with the FIA that the process will be respected.
“There are a lot of dimensions to consider and we don’t have to overreact because someone is pushing the system.
“The process will be done seriously in the right way if someone is shouting and someone is not shouting.”
During the interview, he also analysed the impact of the cost cap, which could be crucial in how the league plays out in the coming season, following sanctions to last year’s winners Red Bull.
Speaking to Sky, he emphasised that action needs to be taken earlier in the process, as the competition looks to ensure that everyone is respecting the rules.
“We are discussing, and this is on the FIA’s side, to make sure it will be done much earlier.
“We see other sports that are taking the financial regulations with too long a time for a reaction, and this is not good.”