Formula 1 has issued a statement insisting that it is not involved in any serious discussions with prospective organisations interested in entering the championship in 2021.
Formula 1 is set to introduce new sporting and technical regulations in 18 months’ time, with one element including the first stages of a budget cap.
On Thursday a Monaco-based firm with links to the Campos junior outfit outlined its ambitions to join the Formula 1 grid in 2021.
It revealed it had held multiple meetings with senior Formula 1 figures, had signed key designers, and had identified Pascal Wehrlein and Alex Palou as potential drivers.
But on Thursday evening cold water was poured on their ambitions by the championship.
A statement issued on behalf of Formula 1 read: “Following publicity in recent days from several entities that have indicated their ambition to participate in the FIA Formula One World Championship from 2021, while Formula 1 appreciates their interest, we can confirm that there are no serious discussions with any persons or companies about the admission of a new team.”
It aligns with an interview given by Formula 1 sporting chief Ross Brawn to Sky Sports in August, in which he commented: We have a surprising number of teams that have shown an interest.
“But what we have said to those teams is let's get these rules introduced, let's stabilise the situation. Let's get everything working properly before we seek more teams.”
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