FIA seeks new Formula One team for 2015

FIA says interested candidates have until January 3 to submit their formal expression of interest plus a non-refundable $5,000 deposit.

updated: December 13, 2013 15:57 IST
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Paris: World motorsport chiefs on Thursday kicked off a search for a new team to join the Formula One world championship, a move which would boost the number of teams to twelve in 2015.

The last time the FIA launched such an appeal was in 2010 when 15 hopefuls applied from which three were selected -- Campos, which was later rebranded as HRT before they left in 2012, Caterham and Marussia (formerly Virgin).

"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 One World Championship from the start of the 2015 or the 2016 season up to 2020 inclusive," said an FIA statement.

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