On one side of the debate is the FIA, which is pushing hard to expand the grid beyond the current 10 teams as it sees nothing but positives from the arrival of the Andretti-Cadillac operation.
Opposing that push, however, are the teams, who think that an 11th squad will bring no tangible benefit.
Furthermore, they fear that sharing the prize pool with another team risks bringing financial uncertainty for operations that just three years ago were on the brink during the COVID pandemic.
Sitting somewhere in the middle, but clearly lukewarm to the whole idea, is FOM, which has stated that it will only hand out a commercial deal to Andretti if its analysis shows it would be accretive to F1 as a whole.
While the current teams have no formal say on what FOM's final decision will be, their resistance will likely be a key factor in swaying F1 CEO Stefano Domenicali's final opinion on the matter.
And, critical to the negativity towards Andretti, is the fear from some teams that adding an 11th squad to the grid could risk their own future.
Williams team principal James Vowles made it clear at the recent Qatar Grand Prix that squads like his were still on the knife edge when it came to finances, so losing prize money and value would not be a good thing.
"My responsibility is to 900 employees within my company," he said. "If you go look at Companies House, you can go look it up for Williams, we've submitted it now, you can see that we're lossy. We're very lossy.
"In fact, compare it from '21 to '22, you'll see that losses are in the tens of millions more. Compare it to '23, which you won't see but I'll guarantee you, it's multiples above that."
But would Andretti's arrival and the subsequent reshuffling of the commercial rights income really have that much of an impact in making things worse, especially if it stumps up the $200 million dilution fund payment first?
Here we look at the figures involved to get a better picture of what is at stake.
Source: Autosport