In the fast-paced world of Formula 1, adding a new team to the grid is no small feat—just ask Otmar Szafnauer. Recently relieved of his post as Alpine’s boss, Szafnauer is now on a mission to introduce a 12th team to the F1 circuit. He insists that he’s not alone in this endeavor, having “serious people” backing his ambitious plans.
Despite being let go by Alpine in 2023, Szafnauer is far from finished with the sport. With financial backing from individuals he describes as serious and capable, he aims to establish a brand-new team. “The finances are in place,” Szafnauer revealed, emphasizing the commitment of his backers. “A car manufacturer is also ready to join us; it’s all about seizing the right moment.”
However, entering Formula 1 isn’t simply about readiness; there are hurdles to overcome. Szafnauer is well aware of the difficulties faced by others, such as the American Andretti team, who encountered resistance due to fears of diluting F1’s prize pool. This awareness has led him to consider other routes for entering F1, including potentially purchasing an existing team if the timing and price are right.
As he looks to the future, Szafnauer noted that changes in the sport’s financial agreements could influence team dynamics, hinting that some current owners might be persuaded to sell. “There are nine owners with varying visions,” he stated, expressing hope that some might decide their era in F1 is over. Such a decision would allow Szafnauer and his investors a golden opportunity to step in.
If a team does go up for sale, it won’t come cheap. With the value of F1 teams reportedly soaring past $1 billion, any acquisition would be a significant transaction. But with serious backing and the right people in place, Szafnauer remains optimistic about his chances to bring a new contender to the F1 grid.
In a sport where preparation and strategy are everything, Otmar Szafnauer’s attempt to carve out space for a new team is a bold move. His experience, coupled with support from deep-pocketed backers, positions him well for the challenges ahead. As F1 evolves, the prospect of a 12th team offers fresh intrigue and a new chapter for fans around the world.
