New ‘Monaco F1 Racing Team’ seeking to enter Formula 1

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Everso Biggyballies
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New ‘Monaco F1 Racing Team’ seeking to enter Formula 1

#1

Post by Everso Biggyballies »

New ‘Monaco F1 Racing Team’ seeking to enter Formula 1

It seems we have genuine interest for a new team wanting to enter F1. The only downside is it seems like the now defunct HRT team part 2.... it seems to be based out of Campos in Spain, albeit funded by a Monaco based Management Company owner.
However, they have a number of good names involved, namely Daniele Audetto, Ferrari’s sporting boss during the Lauda years and former principal of Super Aguri. Wehrlein is said to be one of the drivers (he is managed by MIM (Monaco Increase Management.

Whether they get the nod from Liberty to join up remains to be seen, but more the merrier I guess.
A potential new Formula 1 entry under the name ‘Monaco F1 Racing Team’ is seeking to join the world championship.

Businessman Salvatore Gandolfo, founder of management firm Monaco Increase Management, is behind the entry. Gandolfo previously revealed plans in 2019 for a new, Spanish-based team using junior outfit Campos Racing’s facilities.
His planned team’s change of name is understood to have met with the approval of the Automobile Club de Monaco, which promotes the principality’s round of the Formula 1 world championship and other events.

Gandolfo previously intended to bring his new team into Formula 1 in 2021, taking advantage of the introduction of a new budget cap and sweeping changes to the technical regulations. However while the cap has come into force this year, and is set lower than was planned in 2019, the new technical regulations have been postponed by a year as a cost-saving measure due to the Covid-19 pandemic

Formula 1 has also announced new entrants will have to pay a $200 million ‘anti-dilution fee’, to be divided between rival teams. However CEO Stefano Domenicali indicated last week this could be waived under certain circumstances.

In a statement issued on Monday, Gandolfo welcomed Domenicali’s willingness to waive the fee and said he is prepared to proceed with an application to enter F1.

“The current Monaco F1 Racing Team Project was the first to actively discuss the possibility of an entry with the F1 governance, as early as 2019, and to set up a structure accordingly, realising the potential of the new technical regulations that was initially supposed to come into force in 2021 (and was subsequently delayed because of the pandemics).

“We believe that the recent statements of the new F1 CEO Stefano Domenicali, which suggest that the [$200m] entry fee for new teams could be waived, represent a step forward in the right direction. We appreciate the open attitude of both Stefano and the FIA and are ready to take the necessary steps in order to have our application finalised.”

Daniele Audetto, Ferrari’s sporting boss during the Lauda years and former managing director of the Super Aguri team, is among those involved in the project. Ex-F1 driver Pascal Wehrlein, who now drives for Porsche in Formula E, and Ganassi IndyCar driver Alex Palou, are represented by MIM and were previously named as potential drivers.
https://www.racefans.net/2021/02/08/new ... formula-1/

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#2

Post by Ruslan »

I don't know why the F1 "management" needs to be involved. This is a left over from the control-freak Max Mosely era. If a team shows up with a car that can qualify within 107%, they should get on the grid. There should be no other requirement.
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#3

Post by MonteCristo »

Well, hopefully it happens.

But given history over the last two decades, within a year or two of them entering they or another team will leave.

Sigh.
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#4

Post by John »

This team will never be on the F1 grid. Unless that fee is indeed waived, which it should be. Can't see any team forking up that kind of money to race in F1 in the current economic climate.
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#5

Post by Antonov »

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#6

Post by PTRACER »

John wrote: 3 years ago This team will never be on the F1 grid. Unless that fee is indeed waived, which it should be. Can't see any team forking up that kind of money to race in F1 in the current economic climate.
This.

The only chance we have of 'new' teams is when existing ones get sold.
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#7

Post by Everso Biggyballies »

PTRACER wrote: 3 years ago
John wrote: 3 years ago This team will never be on the F1 grid. Unless that fee is indeed waived, which it should be. Can't see any team forking up that kind of money to race in F1 in the current economic climate.
This.

The only chance we have of 'new' teams is when existing ones get sold.
:agreepost:

Nothing more to add.
Oh, except no team will enter from scratch with a complete re-write of chassis and engine rules in the next few years. Maybe when the new engine rules come into play and the new car rules are up, running and settled.... (2025/6 for engines)

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#8

Post by Michkov »

2022 should be ideal then, new chassis regs, engines apparently frozen until the next spec comes along.
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