Decision regarding new 2015 Formula 1 teams delayed

Bernie Ecclestone

Bernie Ecclestone

A decision regarding a twelfth or even thirteenth Formula 1 team to join the grid starting in 2015 has been postponed.

With separate applications led by Nascar team co-owner Gene Haas, former HRT chief Colin Kolles and Serbian Zoran Stefanovich believed to have been lodged with the FIA, Formula 1’s governing body was scheduled to make an official announcement on Friday.

Representatives of the three projects met with the FIA early this week, where their respective financial and technical plans were discussed. But Auto Motor und Sport said on Friday that the announcement has been delayed.

Correspondent Michael Schmidt said the delay is because Formula 1’s commercial rights holders, headed by chief executive Bernie Ecclestone, are yet to fully analyse the prospective new teams’ projects.

And Formula 1 Management “has a right of veto”, Schmidt said. “Only when Bernie Ecclestone gives his approval will the applications be accepted.” (GMM)

Content on by: staff & contributors, Reuters syndication, GMM service, Getty Images, Formula 1 teams, sponsors & organisations.

  • Boycottthebull

    Imagine having millions of dollars in investment on the line awaiting for a senile old fool like Bernie to give his approval. A man that the British courts have ruled as dishonest a liar and corrupt. One would ask why is there a deadline if Bernies can read them at his convenience? Furthermore Bernie has already bagged one team saying they dont have enough cash for him. Their bribe wasnt big enough Bernie?