2026 hopeful LKYSUNZ has clarified a remark it made on Friday in relation to the anti-dilution cost to be made to present groups ought to its entry be accepted.
“Our announcement was an announcement of our intent to carry a globally focussed and culturally various staff to the grid for 2026,” mentioned the Asian outfit, which claims to have secured $1bn in funding for its bid.
“Quite a lot of Method 1 staff principals have publicly said to the media that they really feel a $600m anti-dilution cost is a extra applicable sum for any future new groups to pay,” it added. “Our assertion was merely highlighting our preparedness to pay this quantity ought to any future Method 1 rules state this.
“At no level was this meant to be a mirrored image on the FIA’s Expressions of Curiosity course of or the discussions which have occurred round it. We apologise profusely for any misunderstanding that this will have precipitated.”
Because it stands the anti-dilution cost is $200m however the majority of groups have admitted that they’d search to see this sizable elevated earlier than the inexperienced gentle was given to any newcomer.
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