FIA opens procedure for new F1 teams to join in 2015

The FIA has asked for expressions of interest from potential new F1 teams to join the World Championship in 2015 or beyond.

The fact that a procedure is being put in place suggest that at least one genuine candidate has already been in contact with the FIA and/or Bernie Ecclestone.

The news also comes at a time when several existing teams are in serious danger of collapse, and the new procedure opens up the possibility of filling the gaps – perhaps with a team that grows out of, or uses the assets of, a failed team. If a current team goes into liquidation it loses its historical commercial rights, and in effect has to start afresh.

The FIA is vague about how many places there might be, referring to candidates in both the singular and plural. However, the pdf of the official application document is titled “12th Team Call.”

A note on the governing body’s website said: “The FIA has decided to open a new selection process to identify a candidate team to participate at a competitive level in the FIA Formula One World Championship from the start of the 2015 or the 2016 season up to 2020 inclusive. The overall long-term interests of the Championship will determine which candidates are selected.

“The precise terms of this selection process, together with the applicable selection criteria, deadlines, legal requirements and other conditions, will be communicated to candidates who have registered a formal expression of interest with the FIA’s Secretariat before 5pm CET Friday 3 January 2014.”

The formal application noted: “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 10 February 2014, leading to a decision on 28 February 2014. In the event that no applicant is considered suitable by both the FIA and the commercial rights holder, no additional team will be selected.”

More information can be found here: http://www.fia.com/sites/default/files/basicpage/file/131112_12th%20Team%20Call%20%28final%29_clean.pdf

2 Comments

Filed under F1 News, Grand Prix News

2 responses to “FIA opens procedure for new F1 teams to join in 2015

  1. Jean-Philippe Savard

    They (the FIA and Jean Todt) screwed up the entry of a Villeneuve team few years ago… And all was in place for him. I Don’t think he will try a second chance… So sad!

  2. Mick

    BMW? New powertrain regs probably appeal to them.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s