Audi as new F1 entrant could deliver extra value for grid

US racing stalwart Michael Andretti’s bid to expand his multi-series operation to F1 has been met by fierce resistance from most of the discipline’s current 10 entrants.

Concerned teams are weary of having to share F1’s prize money with an additional competitor and feel the current $200 million dilution fund is not sufficient as the value of owning an F1 entry has significantly increased since that price was set, owing to its burgeoning global interest and the newly…