The FIA president’s announcement the Federation would be “launching an Expressions of Interest process for prospective new teams for the FIA Formula One World Championship” was greeted with enthusiasm by fans worldwide, but, interestingly, received in complete silence both by Formula One Management and the ten teams that are currently competing in Grand Prix racing. Not so long ago, Formula One’s CEO Stefano Domenicali insisted, “new teams are not really a need for Formula 1 today.” While it’s always possible no candidacy is deemed worthy of a Formula One entry, even if one new team gets the nod, it will have to wait a minimum of 12 months before being allowed to compete. This means that if this process is not completed before the start of the coming March, then no new entry will be granted for the 2024 Formula One World Championship. And with new rules coming the following year, the smart move will be to make this new tender a quest for new teams to enter Formula One by 2026 only.

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