Toto Wolff: Cadillac's entry fee is too small

      The Cadillac factory team is scheduled to debut in Formula 1 in 2026. The new entrant must pay an entry fee of $450 million, which will be distributed among all current teams to compensate for the loss of part of the prize money due to the appearance of the eleventh team. The head of Mercedes Toto Wolff called this amount of the entry fee is insufficient. Toto Wolff: "First of all it should be noted that we will lose with the appearance of a new team. We do not know how much Cadillac invests in Formula 1. The entry fee, which will go to compensate, is currently $450 million, and is too small. It doesn't make up for the direct loss of revenue. Only time will tell how valuable the arrival of an eleventh team will be to Formula 1. If the value of the sport increases, we will all benefit. But at the moment we don't know whether that will be the case or not. No one has talked to me about Cadillac's specific plans. But if they come full factory team and invest the appropriate marketing budget in Formula 1, they will be a valuable addition". Toto Wolff added that at the moment Mercedes earns well on Formula 1: "Our profitability is between 30% and 35% before taxes. We have a solid profit, which even compensates for the costs of the powertrain. The old cliché that Formula 1 is just a bottomless barrel for money is a thing of the past. Formula 1 has never been as financially healthy as it is today."