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F1 says no 'serious discussions' underway with any teams

The Formula One Group has released a statement in which it says that there are currently no "serious discussions" taking place with any new teams regarding an entry into F1 in 2021.

The release follows a buzz generated on Thursday by a Campos Racing- affiliated entity which announced plans to join the F1 grid from 2021.

The promoters of the project, led by Campos Racing CEO Salvatore Gandolfo, claim to have met on several occasions earlier this year with F1 boss Chase Carey and F1 director of motorsport Ross Brawn.

New Campos-linked Spanish F1 team in the works

The prospective Spanish team also says it has secured the support of Monaco-based motorsport management company MIM.

Last month, a team called Panthera Team Asia also declared its interest in taking part in the F1 world championship from 2021.

However, Formula 1 has poured cold water on the existence - at least for now - of any serious contenders for a spot on the grid.

"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," read Formula 1's statement.

Campos Racing is expected to learn by the end of October whether its application for F1 shall be deemed credible or not by the FIA.

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Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.