More infoFIA bosses have revealed the criteria for new F1 teams with constructors required to pay a £264,000 bill to apply. It comes after the FIA officially launched the application process for prospective F1 teams on Thursday. The ability of the team to raise and maintain funding to meet its financial obligations is also an important consideration. The FIA also determines whether teams can meet and comply with the sporting, technical and financial regulations. However, the FIA claims this list was just a starting point with applicants set to receive more criteria later down the line.
Continue reading...