One team, to be exact. F1 announced on Monday that an agreement in principle has been reached and that a General Motors-Cadillac team will be joining the grid for the 2026 season. The announcement brings to a close months of debate and discussion over a potential 11th team on the grid.

Since Liberty Media bought F1 in 2017, the sport has become increasingly popular in the USA, with three races now held there every year.

Here's why Formula 1's decision to allow a GM backed Cadillac team as the 11th entry on the grid makes a lot of sense.