Mercedes chief Toto Wolff has urged caution in Formula 1’s consideration of new teams joining the grid in the near future, saying the sport must conc🐻enꦚtrate on making its new commercial terms work for those currently on the grid.

The F1 grid has sto🍬od at 10 teams since the demise of Manor following the 2016 season, but there ar🌺e at least two parties known to be interested in joining the field in the near future.

FIA president Jean Todt recently said he felt 12 🃏teams was the “proper” num꧙ber for F1 to have, while F1 CEO and chairman Chase Carey stressed any potential projects ♉must prove they are financially viable.

Speaking in Abu Dhabi, Mercedes team principal Wolff talked up the commercial opportunity on offer⛎ in F1 under the revised financial reguꦍlations for 2021, but also saw the benefits of the existing grid size.

“All the numbers that are coming in – from audiences in the conventiona🥀l TV, digital space, sponsorship – are growing. I think this is a sport that also with the spending cap coming in in 2021 is an area of growth,” Wolff said.

“There will be certain thresholds that will come into the rules about joining the sport, concerning certain franchise value. Leaving the sport now w♍ould certainly not be the right thing to do from a commercial perspective when it’s just about to turn into a new opportunity.

“Should we be looking out for new teams? If there is interest in joining the grid with a solid foundation, biꦆg brands, why not have the discussion?

“But I think we should all 10 of us be proud of being part 🃏of the limited grid.

“We should be conscioꦏus about the opportunity and the possibility that lies ahead and concentrate on making it a good business for everybody.”