F1 CEO Stefano Domenicali has confirmed reports that the new team entry fee is set to soar from its current $200 million. “When we set it, nobody would have expected that the value of Formula 1 would increase so much,” said Domenicali. He said one interesting factor about F1’s current popularity is that the ‘new audience’ – including many more female spectators – is not too bothered about Red Bull’s dominance. “But the new markets, the new fans that are entering the business, it’s not really something that matters. “Each one has to be a different, new experience, not only in terms of what’s happening on the track, but also because of what’s happening off the track.

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