FIA launches software course of for potential F1 groups | Racing Information

LONDON: Formulation One’s governing physique mentioned on Thursday it had formally began a course of that would result in new groups getting into the championship from 2025.
Michael Andretti has already introduced plans for an American bid with the help of Common Motors model Cadillac, however the business rights holder and many of the 10 present groups have sounded lukewarm on increasing the grid.
The groups are involved about diluting their share of the revenues whereas Liberty Media-owned Formulation One Administration (FOM) has been more and more at odds with Mohammed Ben Sulayem, president of the governing FIA.
The FIA mentioned it sought to establish a number of new groups focused on becoming a member of in 2025, 2026 or 2027.
These continuing to a proper software course of should pay a payment of $300,000 to cowl due diligence checks carried out by the governing physique.
The deadline for submission of formal functions was anticipated to be April 30 with any determination by June 30.
Standards included an in depth marketing strategy for the primary 5 years and, for the primary time, proof of sustainability and the way the staff meant to “obtain a optimistic societal impression by its participation within the sport.”
The FIA mentioned there was a excessive stage of curiosity however recognised FOM had a say and “might also impose further choice standards/circumstances”.
Whereas the FIA in the end owns the rights to the championship, it signed them over to FOM in a 100-year deal in 2001 as a part of a separation of business and regulatory actions.
The championship is restricted to a most 12 groups as much as and together with the 2025 season. The game could have a brand new energy unit from 2026, when Audi may even enter after taking up the present Sauber staff.
“The expansion and attraction of the FIA Formulation One World Championship is at unprecedented ranges,” mentioned Ben Sulayem.
“The FIA believes the circumstances are proper for events, which meet the choice standards, to specific a proper curiosity in getting into the Championship.”

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