F1 seeks new team for 2016 and beyond

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Date: 29th May 2015 at 9:02am
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Formula One have opened a tendering process to expand the F1 grid from as early as 2016.

Following the demise of both HRT and more recently Caterham, the Formula One paddock has shrunk in size to just ten teams and considering all of Manor Marussia’s financial problems as a sport we are lucky to have that.

From 2016 the American team of Hass F1 are set to expand the grid to 22 cars, but Formula One are hoping to see the grid grow further.

The time spans however will probably mean that any new team are more likely to be looking to join F1 from 2017.

Any potential new team has just one month to formally notify the FIA of their interest ahead of the deadline which is June 30th.

A full application will then have to be made by September 1st.

All applicants will then undergo a due diligence process, this will include an examination of their technical ability, resources, experience and probably most crucially funding.

The FIA will then made a decision by September 30th, however if no team is considered suitable then none will be selected.