{"id":413612,"date":"2026-01-15T02:03:09","date_gmt":"2026-01-15T02:03:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/413612\/"},"modified":"2026-01-15T02:03:09","modified_gmt":"2026-01-15T02:03:09","slug":"cadillac-spent-over-20m-per-month-before-securing-f1-entry-and-more-%c2%b7-racefans","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/413612\/","title":{"rendered":"Cadillac spent &#8216;over $20m per month&#8217; before securing F1 entry, and more \u00b7 RaceFans"},"content":{"rendered":"<p>Welcome to Thursday\u2019s edition of the RaceFans round-up.<\/p>\n<p>Social media and links<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.bbc.com\/audio\/series\/p02nrsjn\" rel=\"nofollow noopener\">F1 Back at Base (BBC)<\/a><\/p>\n<p>Cadillac team principal Graeme Lowden: &#8216;If you&#8217;re serious about Formula 1, you have to start the team &#8211; at risk, but you have to start the team. So it&#8217;s a really strange process to do, because you&#8217;re building up to a full-sized Formula 1 team, literally starting from three people or something in one room. That scales really very, very quickly, so before long we were spending north of 20 million dollars a month. (&#8230;) Some of the big costs would be, I remember one month, we spent $7 million, I guess, on software, and we have no entry. So this is all at risk. What it clearly demonstrated to anybody who was evaluating not just our readiness, our understanding of what was needed to build a Formula 1 team, but it also demonstrated the desire as well because you don&#8217;t take these risks lightly.&#8217;<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d03bef02-0cf6-4aee-a4ab-0455cdca98cd\" rel=\"nofollow noopener\">IMG\u2019s Adam Kelly: sport is the antidote to AI (Financial Times)<\/a><\/p>\n<p>&#8216;I\u2019m also excited to see what Apple does with Formula 1 (&#8230;). For these companies, key sports assets like World Wrestling Entertainment, Ultimate Fighting Championship and Formula 1 can drive year-round engagement. It\u2019s something they can build through the calendar and build audiences around. It means they don\u2019t have to keep taking bets on TV series and movies that may or may not hit. There\u2019s more certainty. It protects against churn, and that year-round delivery is extremely valuable.&#8217;<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/racer.com\/2026\/01\/13\/schedule-for-first-grand-prix-of-arlington-revealed\" rel=\"nofollow noopener\">Schedule for first Grand Prix of Arlington revealed (Racer)<\/a><\/p>\n<p>&#8216;The 2.73-mile, 14-turn street circuit formed around the Dallas Cowboys\u2019 National Football League stadium and Texas Rangers\u2019 Major League Baseball stadium will host the USF Championship\u2019s USF2000 series, IndyCar\u2019s Indy Nxt series, and entry-level touring car action with the SRO-sanctioned Toyota GR Cup series.&#8217;<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.fiawec.com\/en\/news\/jensen-joins-mclaren-for-british-brand-s-2027-hypercar-debut\/8611\" rel=\"nofollow noopener\">Jensen joins McLaren for British brand\u2019s 2027 Hypercar debut (WEC)<\/a><\/p>\n<p>&#8216;McLaren Racing has confirmed the identity of its first Hypercar recruit for the 2027 FIA World Endurance Championship, with Mikkel Jensen admitting to a feeling of \u2018goosebumps\u2019 at joining the iconic British brand.&#8217;<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.fiaformulae.com\/en\/news\/825164\/rookie-free-practice-set-for-miami-e-prix-weekend\" rel=\"nofollow noopener\">Rookie free practice set for Miami E-Prix weekend (Formula E)<\/a><\/p>\n<p>&#8216;Formula E will hold a Rookie Free Practice session on Friday 30th January, ahead of the upcoming Miami E-Prix. This is the fourth occasion that the championship has held the 40-minute session which aims to provide experienced racing talent from other motorsport championships valuable track time to discover the ground-breaking technology of Formula E\u2019s Gen3 Evo car.&#8217;<\/p>\n<p>RaceFans always endeavours to credit original sources. Want to share a relevant motorsport link with us? <a href=\"http:\/\/www.racefans.net\/contact\/contact-racefans\/\" rel=\"nofollow noopener\" target=\"_blank\">Send it in via the contact form<\/a>.<\/p>\n<p class=\"text-above-ad\">Advert | <a href=\"https:\/\/www.racefans.net\/contribute-racefans\/racefans-supporter\/\" rel=\"nofollow noopener\" target=\"_blank\">Become a RaceFans supporter and go ad-free<\/a><\/p>\n<p>Happy birthday!<\/p>\n<p>Happy birthday to Ed!<\/p>\n<p><a name=\"onthisday\"\/><br \/>\nOn this day in motorsport<\/p>\n<p>25 years ago today F1 teams tested at Jerez, including new Williams signing <a href=\"https:\/\/www.racefans.net\/f1-information\/whos-who\/whos-who-m\/juan-pablo-montoya\/\" rel=\"nofollow noopener\" target=\"_blank\">Juan Pablo Montoya<\/a> in their 2000 car<\/p>\n<p class=\"text-above-ad\">Advert | <a href=\"https:\/\/www.racefans.net\/contribute-racefans\/racefans-supporter\/\" rel=\"nofollow noopener\" target=\"_blank\">Become a RaceFans supporter and go ad-free<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Welcome to Thursday\u2019s edition of the RaceFans round-up. Social media and links F1 Back at Base (BBC) Cadillac&hellip;\n","protected":false},"author":2,"featured_media":413613,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[573],"tags":[64,63,817,813,816,85],"class_list":{"0":"post-413612","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-formula-1","8":"tag-au","9":"tag-australia","10":"tag-f1","11":"tag-formula-1","12":"tag-formula1","13":"tag-sports"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/413612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=413612"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/413612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/413613"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=413612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=413612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=413612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}