Connect with us

2019 F1

New racing family arriving? ‘China F1 Racing Team Limited’

Published

on

  • 7
    Shares

Jean Todt has not denied that a new team might be lining up to enter formula one.

There have been rumours a new project backed by Chinese investors has been shopping around at existing teams for personnel.

And now, Brazil’s Globo reports that a company called China F1 Racing Team has been registered at Companies House in Britain.

Indeed, filed documentation shows that the London based company, with a single director who has been in business for many years, was previously called Bronze Fortune.

FIA president Todt is quoted by France’s L’Equipe: “We currently have ten teams but the idea is to have twelve.

“There is an opportunity for one or two teams to join F1. There are a lot of rumours in this area, but there is a clear interest from several sides,” he added.

However, Todt said there would be no time for a new outfit to be up and running in time for 2018.

“When we see that the right time has come, we will announce a process for potential new teams,” he said.

Prost welcomes new F1 team

F1 legend Alain Prost has welcomed rumours suggesting an eleventh team could be on the grid in 2018.

The quadruple world champion, now an advisor for the Renault works team, told Germany’s Auto Bild the conditions to enter F1 are now better than when his own team went bust in 2001.

Prost’s comments follow reports a group with Chinese backing has enquired about signing staff from existing F1 teams for a new project.

“We used to be racing teams, but now everything is much more like business,” the Frenchman said.

“That is one reason we lose fans — they don’t quite understand how a drinks maker like Red Bull can defeat automobile companies.

“But I can say that whoever wants to start a private team today has it easier than in my time. That was probably the worst time ever,” Prost said.

“We never received more than $10 million (from F1), but we paid $28 million in the first year for engines, 30 in the second — how is that supposed to work?

“Today, every team gets at least $40 million in prize money,” he said.

Comments

Latest Results




Latest F1 News

2018 F19 hours ago

Raikkonen move means ‘Sauber is now Ferrari’ – Ecclestone

7Shares  Bernie Ecclestone has applauded Kimi Raikkonen’s move to Sauber. Raikkonen, 39, surprised the F1 world by signing up with...

2018 F123 hours ago

McLaren split boost Honda progress – Verstappen

7SharesMax Verstappen admits he is getting excited about 2019. Recently highly critical of Renault, the Dutchman finished second behind Ferrari’s...

2018 F123 hours ago

I’m “very happy” to join Sauber F1 for 2019 – Raikkonen

7SharesKimi Raikkonen says he is “very happy” to join Sauber for 2019, even though he finally ended his winning drought...

2018 F123 hours ago

F1 chequered flag rules changed for 2019

7SharesF1 has changed a long-standing rule about the iconic chequered flag. In Montreal this year, the end of the Canadian...

2018 F11 day ago

Max made brilliant P2, what a drive from P18 – Red Bull

7SharesMax Verstappen took a remarkable drive to second from 18th place on the grid at the United States Grand Prix,...

2018 F11 day ago

Magnussen facing disqualification from US Grand Prix

7SharesKevin Magnussen is facing disqualification from United States Grand Prix after it was detected that the Haas speedy exceeded the...

2018 F11 day ago

Raikkonen troll Hamilton after US Grand Prix win?

7SharesRace winner Kimi Raikkonen and second podium finisher Max Verstappen, both asked Lewis Hamilton whether he had still become the...

2018 F11 day ago

Raikkonen wins his first race in 2044 days by claiming US GP

7SharesFerrari speedy Kimi Raikkonen wins US Grand Prix. Its ends his 113-race wait for a top podium. Lewis Hamilton finish...

2018 F12 days ago

How can Lewis Hamilton win the fifth F1 title at the US Grand Prix

7Shares Mercedes speedy Lewis Hamilton took a big step near to sealing his fifth F1 world title after securing his...

2018 F12 days ago

Verstappen quiet over female-only series

7SharesMax Verstappen is keeping his mouth shut about the new female-only open wheeler category. When the ‘W Series’ concept was...




Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media