Christian Horner raises huge concern as Red Bull team boss speaks out on 11th team entering F1

Red Bull team boss Christian Horner has raised a huge concern as he breaks silence on the possibility of an 11th team in Formula 1.

Earlier in the week, it was reported that there has been a breakthrough in General Motors' bid to enter the sport of F1.

Previously the project was mainly led by Michael Andretti, who alienated some figures within the sport when he accused some existing teams of being greedy.

However, it has since been suggested that Andretti has taken a step back.

The BBC stated: "The initial bid was fronted by Andretti co-founder Michael Andretti - a former Indycar and F1 driver - and billed as an Andretti entry with backing from GM's Cadillac brand. GM had said it would build its own engine by 2028.

"The new plan is for GM to enter as a team owner, and its commitment to building its own power unit by 2028 would remain."

When asked about the possibility of a new team in Las Vegas, Red Bull boss Horner spoke about the funding being the greatest concern.

As reported by Planet F1, Horner said: "There’s a lot of rumors going around. Nobody’s spoken to us about it, but who knows. Obviously, for an American team to come in, I think would be a positive.

"We’ve got Haas, but to have a big OEM — Ford vs. GM could be pretty sexy."

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He added: "It’s down to the commercial rights holder and the FIA and like with all these things, it comes down to the finances and how it’s going to be funded, and how it’s going to be paid.

"As long as, logistically, they can be accommodated, we have absolutely no problem with seeing GM come here — but we’re not paying for it."

Horner then questioned how an 11th team would impact the prize fund, he continued: "So, we’ve got no issue with them coming. We welcome them with open arms, but you don’t want to see the prize fund diluted.

"It will be that question of, who’s side of the cake does it come out of?"