The FIA and Formula 1 stated that they will have the ability to accept multiple new teams if they wish to do so, but there are multiple hurdles to clear if a new team is to appear on the grid.įirst, a $200m entry fee to be distributed among the existing teams as per the current Concorde Agreement, though the massive increase in the sport’s value in recent years may push that price up further.
There will not be any communications during this part of the process as the FIA engages with applicants in respect of confidentiality while it may necessary to make clarifications with the potential entrants.” recommendsĮxclusive: Prospective F1 team LKY SUNZ expecting FIA update in ‘the coming days’Įxclusive: Panthera also pushing for F1 spot, will build Asian academy and aiming for 2026 launch “The FIA is in the process of an initial review of the applications received. “The deadline for applications for potential new entrants is now closed,” an FIA spokesperson told RACER. Other prospective teams, such as two Asian hopefuls in LKY SUNZ and Panthera Team Asia are also thought to have thrown their hats into the ring, with LKY SUNZ chief executive Benjamin Durand having exclusively told at the beginning of May they were awaiting confirmation from the FIA on details surrounding the entry process.įormula Equal, a potential team based on a platform to hire a diverse workforce headed up by former BAR chief executive Craig Pollock, funded by an unnamed “Gulf area country”, is also set to be under consideration.īut the time for applications has now passed, and motorsport’s governing body will assess the applicants on a case-by-case basis, though the FIA did not confirm exactly how many applications it had received. The FIA has officially closed its application process for prospective new Formula 1 teams to enter the sport, leaving a nervous wait for those to have submitted paperwork.įIA president Mohammed Ben Sulayem announced an ‘Expressions of Interest’ process at the beginning of January for potential new teams to enter Formula 1 from 2025, with the potential for the grid to expand in the future.Īndretti Autosport have been the most vocal bid over time in terms of looking to enter the sport from 2025 onwards, with team boss Michael Andretti having recently opened a new global motorsport base for his existing teams in Indiana, with plans already in motion for a Formula 1 operation if accepted – and a title partnership with General Motors through Cadillac already confirmed.
0 kommentar(er)
