The FIA has approved Andretti’s new team bid meaning the American entry, working with General Motors firm Cadillac, must now seek approval from series rights holder FOM.
However, there is resistance from the 10 incumbent teams who fear any destabilising effect that a new entry might have and oppose having to reduce their commercial income by 10%.
Williams team principal Vowles has clarified that his squad is strongly against the expansion of the grid until a time when all competitors are financially stable, which he says is some way off.
“My thoughts are very clear. Williams is against the addition of an 11th team and very strongly against,” Vowles said.
“My responsibility is to 900 employees within my company. You’ll see that we’re [losing money].”
MORE: How the FIA went from seven F1 new team bids to Andretti
According to recently released accounts listed on Companies House, Williams Grand Prix Engineering Limited posted a post-tax loss of £17.9m for 2022.
Vowles continued: “The reason why is we’re investing in the sport to become better. We believe in where the sport is going, we believe in the direction of travel of the sport.
“The reason why is we actually have, I think, a sustainable entity for once. Teams are actually working more and more together; we have close racing as a result of things.
Source: Autosport