FIA opens door for new F1 team

The FIA have announced they are looking for a new team to enter the sport in either 2016 or 2017.

In a statement on the

FIA website, the association has confirmed a new process for teams to enter the sport has begun, but come with a number of conditions to ensure their suitability and sustainability.

The entries will be judged under the following criteria:

a) the technical ability and resources of the team

b) the ability of the team to raise and maintain sufficient funding to allow participation in the Championship at a competitive level

c) the team’s experience and human resources

d) the FIA’s assessment of the value that the candidate may bring to the Championship as a whole.

Those who intend to apply must lodge an expression of interest with the FIA by June 30th, with full applications entered by September 1st. A decision will be made on September 30th.

If there isn’t a viable candidate, then no entry will be chosen.

Next season already sees the entry of Gene Haas into Formula One, although he deferred his entry by a year to give them time to build their team, both in the USA and Europe. A new team could see the number of cars on the grid rise from 20 this year to 24 in either 2016 or 2017.

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