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Todt confirms interest from new teams to join F1 grid

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GENEVA, Switzerland – FIA president Jean Todt has confirmed there is interest from new teams to join the Formula 1 grid in the near future following recent speculation about some fresh projects being worked on.

Ten teams currently race in F1, marking its lowest full-season roster since 2009 following the closure of Manor before the start of the new campaign.

Speculation has emerged in recent week about new projects being worked on to get a team on the grid in the near future, with staff at current teams reportedly being approached at recent races.

Talking to reporters at the FIA Sport Conference in Geneva, Todt confirmed that there had been interest from new teams, but that an entry would be dependent on a tender being issued.

“There are always rumors, but we have had some interest from some teams,” Todt confirmed, adding the interest had come “recently”.

“When we feel it is time we will be able to make a tender,” Todt continued. “At the moment we have 10 teams and the idea is to have up to 12 teams.

“So we have an opportunity, if we have one or two strong newcomers it could be possible.

“First we need to check the request ourselves, it’s going through a kind of audit to see who are the potential buyers. If it’s a big manufacturer, it’s easy, if it’s a privateer, you need to be more careful.

“And then, once you are sure that there is a real interest, and once you’re sure that people are capable, like it was the case with Haas, for example, then we make tender.”

Todt’s comments also come in the wake of a company changing its name to ‘China F1 Racing Team Limited’ in the UK last month, appearing to add up with speculation about Chinese investment being behind the push for a new team.