The FIA has announced that it is opening a selection process for a new team to enter the Formula One World Championship as soon as next season.

The precise terms of the selection process, together with the applicable selection criteria, deadlines, legal requirements and other conditions, will be communicated to candidates who must register a formal expression of interest with the FIA’s Secretariat before 17:00 on 30 June 2015.

According to the FIA, "the overall long-term interests of the Championship will determine which candidate is selected".

The application process will commence with those who have registered an expression of interest before 30 June (late applicants will be admitted only at the FIA’s discretion) and all applicants will be expected to undergo thorough due diligence.

By way of indication only, the applicable selection criteria will include:

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.

By way of indication only, the FIA anticipates that full applications will need to be submitted by 1st September 2015, leading to a decision on 30 September 2015. In the event that no applicant is considered suitable by both the FIA and the commercial rights holder, no additional team will be selected.

At present there are ten F1 teams, though at least three are known to be in financial difficulty. Next year sees Haas join the grid, effectively bringing the number of teams up to 11 as it was in 2014.

However, last year Bernie Ecclestone said that following the last time a tender was put out for new teams, the sport agreed to allow two new outfits, one of them being Haas.

The grid has not comprised 24 cars (twelve teams) since 2012.

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READERS COMMENTS

1. Posted by Yeyox02, 06/06/2015 19:45

"No, no,no, FIA and Ecclestone are looking for a new "victim""

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2. Posted by Paul C, 30/05/2015 4:45

"F1 needs the mailing lists of those firms that sold swampland in Florida or mountainsides in Colorado."

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3. Posted by twillis, 30/05/2015 2:20

"I agree completely with Canuck

And what's the old joke - How do you make a small fortune from motor racing? Ans: Start with a large one! "

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4. Posted by Canuck, 29/05/2015 15:17

"Who would be stupid enough to submit a proposal? Lets look at some facts;
1) Inequitable distribution of the money from FOM
2) unstable rules FIA
3) No FIA guidance
4) No Idea of how many races there will be in 2016 - 2017 and coming years
5) What the FIA decides today is sure to be overturned by either FOM or the Stagnancy group
6) No idea of how much you will need to invest
7) No idea that if you start to be an independent that rules wont change for customer cars and blow your investment

Until the FIA gets back its authority and midget minded Todt leaves the post, F1 is in trouble. The orientation towards manufacturer team is short sited and they are in it for themselves not for the sport. BMW, Toyota, Honda and others come and go depending on the boards that drive the companies. They are not in it for the sport. Much like Mr Todt who is in it as a stepping stone to a political career and does not want to make waves, making no decisions in fear it is the wrong decision.

Best way to vote against this idea is to have no submissions."

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5. Posted by testa rossa, 29/05/2015 13:33

"so ART grandprix team is coming ? They did good job with Nico and Lewis already a few years back.
And Nicolas Todt knows the inside of F1 very well ofcourse."

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6. Posted by Jonno, 29/05/2015 8:54

"If someone is desperate to throw millions at F1 for no return, there's no need to jump through all those FIA hoops, I'm sure they'd have no trouble in buying Farce India. They'd still be starting at the bottom, but they'd save a fortune on job interviews.
"

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7. Posted by Simon in Adelaide, 29/05/2015 6:21

"So really any independent teams are out because, by the FIA’s criteria

a) Ability and resources could only reasonably come from GP2, do Mercedes/Ferrari want to supply more engines?
b) There is not enough money to go around already unless customer cars become a reality
c) See a)
d) How big a bung are you prepared to pay?

That leaves the manufacturers, VW/Audi have said no, Porsche are not interested, Nissan/Toyota are more aligned with WEC and besides which if Honda cannot build and engine why should they try; perhaps there will be a Chinese copy of a Mercari.

I think the FIA’s submissions box will be empty ……………… unless a behind the scenes deal has already been done.
"

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