FIA President Mohammed Ben Sulaiman said motorsport’s governing body will actively begin the process of finding new teams to join the Formula 1 grid in the coming seasons.
Formula 1 has had just 10 teams on the grid since Manor’s exit in late 2016. But the United States-based Andretti organization has expressed interest in entering Formula 1 as an 11th team.
In a statement on social media, Ben Sulayem stated that the FIA will begin the process of finding new information that could enter the sport with his will.
Ben Sulaym’s statement: “I have asked my FIA team to initiate expressions of interest for new teams for the FIA F1 World Championship.
Beyond Andretti, in recent months Hong Kong-based Canadian billionaire Calvin Lo has discussed his interest in setting up his own Formula 1 team as a new entry.
Currently, under the Concorde deal, any new entrants to Formula 1 must pay $200 million (£164.8m) to be split between existing teams. Formula 1 chief executive Stefano Domenicali has previously said he believes Formula 1 does not need an 11th team to remain successful.
Haas joined the world championship in 2016, joining only one completely new team. Before that, Formula 1 was given permission to join four new teams in the same season in 2010 – Virgin, Lotus, HRT and USF1. However, USF1 failed to make an appearance on the gridiron, and none of the teams that entered were in the sport in 2017.
Andretti recently broke ground on a new team headquarters in Indiana to revamp their global racing programs, including IndyCar, Formula E and Extreme E. The new facility is currently scheduled to open in 2025.
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