Carey suggests interest from new teams

Date published: March 15 2019

Chase Carey claims there is real interest from new teams looking to join the Formula 1 grid.

Liberty Media boss Chase Carey says there has been real interest from teams looking to join the Formula 1 grid.

The new entrants will only step up their interest, however, should Formula 1 present a more cost-effective plan as part of the proposed 2021 overhaul.

Currently 10 teams make up the grid, but there is room for 13.

The sport’s last attempt to secure a host of new teams failed miserably with the demise of HRT and Caterham, followed by Manor Racing’s withdrawal. All three teams had entered on the promise of lower costs, but Formula 1 instead moved in the opposite direction.

Revisions to the engine and chassis regulations, as well as the commercial structure of Formula 1 form part of the planned 2021 shake-up.

FIA president Jean Todt has regularly stated his desire for a total of 12 teams on the grid, and Carey echoed this during a joint press conference in Australia on Friday.

“I think it is one of our strategic goals, we want to make the sport more attractive to potential new entrants,” explained Carey.

“I think that is a key goal we have. It is certainly a goal in the 2021 regulations, we’ve got to solidify those regulations to have those discussions.

“I’ve had a number of, more on the team side than the engine side, a number of potential new entrants that have expressed interest and enthusiasm if we provide a structure that they think enables it to be something they could enter more constructively.

“I do think there’s actually interest on the team side, but I think we have to finalise what it looks like so they can evaluate it accordingly.

“Priority one before we get two new teams coming in is to make sure it’s quality over quantity, and make sure we make the business as strong as we possibly can for the teams that we have in it.

“I think we can go a long way in doing that, there is interest.”

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