Guenther Steiner: New F1 team would only add risk to the sport with no added benefit

A number of teams are eager to get their chance in Formula One, after the FIA confirmed that the grid could be expanded to 12 teams in the next few years.

However, many of the existing teams have already voiced their concerns, and now Steiner has added his two cents as well.

Adding an 11th team to the grid would see the existing teams lose out on revenue, as it would be split between more constructors, and Steiner is worried that it could add significant financial risk to teams who have worked hard to reach stability.

"Five years ago, you could get teams for nothing," he told Sky Sports F1.

"You could pick it up, nobody wanted them, they went out of business. Now all of a sudden, everybody wants a team, a lot of people want to come in.

"The 10 teams which are here, they're all financially stable. They're all well set up. It's a very good environment at the moment, nobody's struggling.

"So if you put the 11th team in and we get a little bit [of] a dip in the economy or something, all of a sudden, there are people who maybe struggle to survive.

"So why take that risk if there is no upside? It's not for me to decide, it's there for F1 to decide because they are managing the business side of it, but there is no upside at the moment.

"For the other teams, there is just risk, no benefit."