Steiner sees “no upside” for current teams in expanding F1 grid

Last week, the FIA formally started the process to accept expressions of interest from potential new F1 teams, with the Andretti/General Motors entry the most publicly-known push to join the grid. 

But F1 itself and some of the existing teams have raised concerns about the impact of possibly adding an 11th team, as it would reduce their prize money shares. The feeling is that unless a new entry would bring full manufacturer support to the grid, the drawbacks would…