Photo: formula1.com
The FIA has opened a new selection process to identify a new Formula One team that would join the series beginning with the 2015 season.
Interested teams are invited to register a formal expression of interest with the FIA by January 3, 2014 and must be able to commit to Formula One from 2015 through 2020, the association announced earlier this week.
"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 1 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 FIA said in a statement.
All applications will be evaluated using four key factors: the technical ability and resources of the team, the ability of the team to raise and maintain sufficient funding to allow participation in the championship at a competitive level, the team's experience and human resources, the FIA's assessment of the value that the candidate may bring to the championship as a whole.
FIA’s most recent selection process was opened in 2010, when Virgin Racing, Lotus F1 and HRT were chosen out of 15 candidates.
"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 1 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 FIA said in a statement.
All applications will be evaluated using four key factors: the technical ability and resources of the team, the ability of the team to raise and maintain sufficient funding to allow participation in the championship at a competitive level, the team's experience and human resources, the FIA's assessment of the value that the candidate may bring to the championship as a whole.
FIA’s most recent selection process was opened in 2010, when Virgin Racing, Lotus F1 and HRT were chosen out of 15 candidates.
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