FIA opens applications for a new F1 team
Potential new teams are invited to register a formal expression of interest with the FIA by January 3. Considering that's just three weeks away, insiders are speculating that the FIA could already have some applicants in mind. The new team would have to commit to be on the grid by 2015 and remain there through 2020. The regulations state that there can be as many as 13 teams on the grid, so if the FIA – which has sole discretion over which applicant(s) will be accepted – finds more than one suitable new entry, it could feasibly give both a shot at the big leagues.
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