New setback Andretti? F1 teams want entry fee to 600 million

Under the Concorde Agreement, a new team in Formula 1 has to pay a one-off $200 million entry fee. The current Concorde Agreement - which deals with commercial arrangements - expires at the end of 2025, and talks are currently underway on what the agreement should look like from 2026 onwards. Part of those talks includes substantially increasing the subscription fee.