Report: Porsche “one amongst many” to show interest in entering F1 following budget cap

A number of conversations are currently taking place behind closed door, with F1 CEO Stefano Domenicali admitting that Porsche is not the only team to show an interest in joining the sport.

A change in rule regulations set to come into effect in 2025 that will make it considerably cheaper for manufacturers to participate in Formula 1.

In light of this, some of the biggest car manufacturers in the world are keen to enter the sport, according to Domenicali.

There has been some apprehension regarding the current season, with many wary of the implications of the pandemic as far as completion of the campaign is concerned.

“We have a contract with the teams. You shouldn’t forget that, ” Domenicali said.

“You also shouldn’t forget that there is great interest in us from the financial market. Many are knocking on the door.”

However, Formula E boss Alejandro Agag believes that the only way forward for F1 is a merger with the all-electric series.

“Alejandro and I are friends,” Domenicali said.

“The way I see it is that Formula 1 and Formula E are on two different journeys. What we do is sustainable and credible and the audience numbers speak for themselves.”

Domenicali did not rebuff claims that Porsche is interested in joining the sport in the near future.

It is worth noting that Domenicali was recently CEO of the Volkswagen-owner brand Lamborghini.

“On the one hand, it is important to make the manufacturers that are already here happy,” he said.

“But, of course, it is just as important to attract new ones.

“Many conversations are taking place in the background.

“If we can offer them the right package, I am sure that other manufacturers – not just the Germans – will be interested.”

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