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FIA seeks new Formula 1 team to join the grid
Formula 1's governing body launched a tender for a potential new team that could join the starting grid as early as next season. The International Automobile Federation (FIA) said it had opened a process 'to identify a candidate team to participate at a competitive level' from the start of 2016 or 2017 until at least 2020. Details of the selection criteria and process will be revealed to those registering their interest by June 30, and paying an initial non-refundable fee of $5,000. Full applications should be submitted by 1 September with a decision expected on 30 September. The total application fee was set at $130,000. Formula One currently has 10 teams, with some of them struggling...
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