The FIA has confirmed that no new team has successfully applied for a place on the 2016 F1 grid.

In late May, the sport's governing body, invited interested parties to submit their applications by 30 June, making clear the strict criteria by which potential entrants would be judged.

This included the technical ability and resources of the team, its ability to raise and maintain sufficient funding to allow participation at a competitive level, the team’s experience and human resources and the FIA’s assessment of the value that the candidate might bring to the championship.

The June deadline was subsequently extended until late July, but seemingly the two would-be entrants, neither of which has been identified, failed to impress the FIA.

"Neither of the applications was able to meet the FIA's criteria for new teams," said the FIA tonight, "despite being given every opportunity to present their case.

"This round of applications is now closed," the sport’s governing body added.

Consequently, the 2016 grid will consist of eleven teams, US outfit Haas joining the ten existing outfits.

However, while the original tender covered 2016 and 2017 it is thought that the FIA would not be averse to a new outfit seeking to enter the sport in 2017, especially if a manufacturer was behind the bid.

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READERS COMMENTS

1. Posted by petes, 18/08/2015 20:56

"So what were they hoping for....?
Some German manufacturer making a return maybe?"

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2. Posted by Spindoctor, 17/08/2015 12:52

"You could've knocked me down with a feather!

Companies with a few hundred million to spend generally expect some kind of positive return. F1, as currently formulated is simply a money pit, for both participants & fans....."

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3. Posted by Yeyox02, 16/08/2015 20:35

""No additional new VICTIMS for 2016""

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4. Posted by Canuck, 15/08/2015 22:20

"Who would want to be a new team in F1 now? No guarantee of stability of rules, guaranteed unequal division of moneys, no testing, frozen engines, complex rules that even lawyers have trouble understanding etc etc. And what do the FIA judge new teams on? Answer " How long can you afford to lose money and fill our and Bernie's coffers". What sane person or group would want to join?

As to Manufacturers.... How long would it take the VW group to develop a competitive engine? Sorry you need to adhere to this years rules -- you can only develop 30% of your engine after it is locked in for the year, oh and you can only test it for 8 days. and next year on 20% and fewer days of testing. Then it is frozen for x years. As teams are more and more restricted the FIA charges more and more, and Bernie pays less.

What a wonderful business plan. Jean must be divided as to whose Ideas he can use. Bernie? French Government? or Greek?"

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5. Posted by Paul C, 15/08/2015 5:38

"The FIA doesn't want racers, they want manufacturers and infrastructure before a race car. Did any starting team other than Toyota actually succeed after going infrastructure first? Look how well Toyota did. "

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6. Posted by Tafferel, 14/08/2015 21:12

"I guess the applicants didn't have deep enough pockets to burn cash for at least 2 years then."

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No additional new teams for 2016

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