FIA invites applications for up to two new teams to enter F1 from 2025
The FIA has started an applications process for new teams to enter Formula 1 from 2025.
The governing body of motorsport announced “the official launch of an application process to identify prospective teams seeking to participate at a competitive level in the FIA Formula One world championship.”
Successful new applicants may choose to enter in 2025, 2026 – when new technical regulations are due for introduction – or 2027.
The FIA says it will determine which if any candidates are chosen based on “the overall long-term interests of the championship, together with the applicable regulations and governance arrangements.”
Its criteria for judging which teams are permitted to enter will cover eight points. These include “the technical ability and resources of the team” and “the ability of the team to meet and comply with its obligations under the F1 Sporting, Technical, and Financial Regulations.”
Applicants will also have to show they can cope with the financial demands of participating in F1. The FIA will assess “the ability of the team to raise and maintain sufficient funding to meet its financial obligations and to allow participation in the championship at a competitive level” and applicants must provide “a detailed business plan (including financial projections) for the first five years of the project; the team’s experience and capabilities in the automobile and/or motorsport sector (including technical experience, racing experience, facilities, equipment, and engineering resources) and relevant staff headcount/ experience.”
Source and more: https://www.racefans.net/2023/02/02...or-up-to-two-new-teams-to-enter-f1-from-2025/
The FIA has started an applications process for new teams to enter Formula 1 from 2025.
The governing body of motorsport announced “the official launch of an application process to identify prospective teams seeking to participate at a competitive level in the FIA Formula One world championship.”
Successful new applicants may choose to enter in 2025, 2026 – when new technical regulations are due for introduction – or 2027.
The FIA says it will determine which if any candidates are chosen based on “the overall long-term interests of the championship, together with the applicable regulations and governance arrangements.”
Its criteria for judging which teams are permitted to enter will cover eight points. These include “the technical ability and resources of the team” and “the ability of the team to meet and comply with its obligations under the F1 Sporting, Technical, and Financial Regulations.”
Applicants will also have to show they can cope with the financial demands of participating in F1. The FIA will assess “the ability of the team to raise and maintain sufficient funding to meet its financial obligations and to allow participation in the championship at a competitive level” and applicants must provide “a detailed business plan (including financial projections) for the first five years of the project; the team’s experience and capabilities in the automobile and/or motorsport sector (including technical experience, racing experience, facilities, equipment, and engineering resources) and relevant staff headcount/ experience.”
Source and more: https://www.racefans.net/2023/02/02...or-up-to-two-new-teams-to-enter-f1-from-2025/