FIA president Jean Todt says he is considering opening up another tender for new teams to enter Formula One.

The last tender was in 2014, which saw the Haas F1 Team granted entry as well as Romanian team Forza Rossa. While Todt’s comments confirm it’s unlikely the latter will be seen on the grid in 2016, he says the FIA could open up another tender for new F1 teams in the near future.

“I am not happy for Marussia and Caterham and I sympathise for them, but it has always happened,” Todt told the New York Times.

“But in 2016 we have a new team coming. And we may make a tender again for one or two teams to encourage teams. And try to reduce the costs.”

While Todt says costs must be reduced - “That is one of the things that is being addressed to find a solution” - he insists the current engine formula, which has led to increased costs, is the future of the sport.

“I feel it is one of the few sensible decisions which has been taken over the last period. Formula One is the pinnacle of motor sport, so we must be an example to society. It is not all happening in a kind of closed golden-gated community where nothing is happening on the other side of the world.”

Click here for the latest technical upgrades before Melbourne in pictures

Keep up to date with all the F1 news via Facebook and Twitter

Andrew Lewin

Andrew first became a fan of Formula 1 during the time when Michael Schumacher and Damon Hill were stepping into the limelight after the era of Alain Prost, Nigel Mansell and Aryton Senna. He's been addicted ever since, and has been writing about the sport now for nearly a quarter of a century for a number of online news sites. He's also written professionally about GP2 (now Formula 2), GP3, IndyCar, World Rally Championship, MotoGP and NASCAR. In his other professional life, Andrew is a freelance writer, social media consultant, web developer/programmer, and digital specialist in the fields of accessibility, usability, IA, online communities and public sector procurement. He worked for many years in magazine production at Bauer Media, and for over a decade he was part of the digital media team at the UK government's communications department. Born and raised in Essex, Andrew currently lives and works in south-west London.

Recent Posts

Norris labels McLaren long-run pace ‘shocking’ in chilly Vegas

Lando Norris didn’t hold back in his assessment of McLaren’s performance on the opening day…

52 mins ago

Hamilton delighted with ‘consistently strong day’ in Vegas

Lewis Hamilton was particularly happy with his opening day of running at the Las Vegas…

2 hours ago

Verstappen stuck with 'draggy' rear wing for Vegas

Red Bull fears that its prospects for this weekend's Las Vegas Grand Prix - which…

3 hours ago

Ferrari and Mercedes admit to plank changes based on FIA’s TD

Ferrari and Mercedes have both modified their car’s floor element in Las Vegas to comply…

4 hours ago

Las Vegas GP: Hamilton continues on top in second practice

Lewis Hamilton put Mercedes on top of the timesheets for the second time in Las…

4 hours ago

2024 Las Vegas Grand Prix Free Practice 2 - Results

Full results from Free Practice 2 for the Las Vegas Grand Prix at Las Vegas,…

5 hours ago