That is ac✨cording to ex-F1 driver and Sky pundit Karun Chandhok, who has revealed information he received from an anonymous t༺eam principal.

Reacting to the news that Andretti have been given the green light by the FIA t🐷o join the grid and become F1’s 11th team, Chandhok wrote on X (formerly Twitter): “Would like to see them on the gri♒d! More cars is good for F1 & young drivers.

“Told by one TP that existin🐬g teams would lose $11 million per year by slicing the pie 11 ways. If Andretti are willing to put in the $600 million ๊to compensate the teams, that covers them for 5 years.”

The 🅺F1 prize pot gets distributed between the 10 competing teams as per the terms of the current Concorde Ag꧃reement.

More money is dished out🦄 to the teams who finish higher in the constructors’ championship, with those towards the bottom receiving a smaller slice of the pie.

The addition of an 11th t🅷eam would mean the prize pot would have to be split further, resulting in less money to go around.

ꦬCould this prove to be one of the main hurꦍdles still standing in Andretti’s way?

The American outfit’s hopes of joining th🐻e grid now rests with Fꩵ1, who are in the process of considering their application.

F1’s assessment on whet✃her or not to grant entry to Andretti is set to be a determiꦇned by commercial terms.

Andretti’s quest to become an 11th team has already received a 🌳mixed reaction from existing teams.