Nov.14 (GMM) A hopeful new Formula 1 team will discover next month if the sport will consider allowing new entrants.
Recently, Formula 2 boss Adrian Campos and his business partner Salvatore Gandolfo announced that they are working on putting together a Spanish F1 team.
They have already met with Chase Carey and Ross Brawn, recruited former F1 engineers Peter McCool and Ben Wood, and vowed to study the new rules for 2021 with a view to running former Sauber driver Pascal Wehrlein.
Gandolfo has now told Blick newspaper: “On 4 December, they (F1) want to decide about new teams. So far, you could not submit an application and I only know the conditions by hearsay.
“The same goes for the engine manufacturers,” he added. “We have talked to Renault and Honda, but everyone was waiting for information.
“Only later can we decide whether an entry makes sense.”
With the budget cap and a better distribution of F1’s commercial income, the Campos outfit believes it would be able to operate for EUR 80 million a year.
“Then I would have to raise another 20 million for a 100 million budget,” said Gandolfo. “Only that is realistic and interesting as a business.
“With a budget of between 100 and 110 million, you can put a fast car together, as Haas has shown.”
Guests of Grand Prix Tours will be treated to a complete and thorough race weekend that includes an invitation to our private F1 Celebrity Hosted Talk Show. During the event guests will receive insider information regarding all things Formula 1 and firsthand perspective into team preparations leading up to the race. Follow the link above to learn more about our trip to the United States Grand Prix.
Join Grand Prix Tours as we head to Singapore and the Marina Bay Street Circuit for the only true night race on the Formula 1 calendar. One of only 4 street circuits on the F1 calendar the beauty of the modern Formula 1 cars are on full display under the bright lights of the Marina Bay street circuit. Follow the link above to learn more about our trip to the Singapore Grand Prix.
The Mexican Grand Prix is always a great test for Formula 1 drivers and teams alike. With extreme heat and the high elevation drivers have to be physically prepared and mechanics have to be mentally ready for anything. The atmosphere created by the fans at the Mexican Grand Prix rivals that of races like Japan and Italy. The passion and pride for local drivers is nearly unmatched.