Analysing the process for new F1 entries
The FIA has re-opened the selection process for 2011, and again it looks as if the candidates will face a race against time to make it to the grid. Dieter Rencken analyses the process for new F1 entries
It was on 17 March last year that the FIA's World Motor Sport Council announced its intention of introducing a budget cap of £30m (then approx $40m) in conjunction with liberalised technical regulations in order to make independent teams more competitive, and attract new teams to the sport, beginning 2010.
Precisely 12 months later, give or take two days, the governing body issued a media release advising of a revised team selection process due to a team slot vacancy caused by the failure of the original $40m outfit - US F1 - to make the 2010 grid despite having had its entry confirmed in writing at end-July last year.
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