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Featured New Formula One Team in the Works, Backed by Chinese Money?

Discussion in 'Formula 1' started by Paul Jeffrey, Jun 21, 2017.

  1. Paul Jeffrey

    Paul Jeffrey
    RaceDepartment Editor-in-Chief Staff Premium

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    New Chinese F1 Team.jpg
    The possibility of an 11th Grand Prix team entering Formula One in the near future moved another step closer recently as the China F1 Racing Team Limited registers with Companies House.


    Rumour has it that a new Chinese funded Grand Prix team has been on the cards for several months now, but with the tight deadlines and large budgets required to ready a start up Formula One operation much of the speculation has been written off as just that - speculation.

    However it appears now that the rumour mill may be closer to the mark than initially thought following the registration of China F1 Racing Team Limited through the British based Companies House. Adding further fuel to the fire, FIA President Jean Todt has confirmed the governing body of Formula One have been approached recently by parties interested in joining Grand Prix racing.

    With budgets currently reaching astronomical levels just to remain at the tail of the field in Formula One it makes little sense for a team to start work from the ground up, especially considering at least two of the current Formula One grid would arguably be available to purchase for the right price, so it remains to be seen exactly how serious this new concern are about Formula One racing, and if indeed the intention is to build a brand new squad in a similar way in which Haas and the now defunct Manor, Hispania and Caterham teams have done in recent seasons.

    When asked if the door is open to new teams joining the current F1 grid, Todt had the following to say:

    "At the moment we have ten teams and the idea is to have up to 12 teams. So we have an opportunity, if we have one or two strong newcomers it could be possible."

    He added: "First we need to check ourselves the request. It's going through a kind of audit to see who are the potential buyers.

    "If it's a big manufacturer, it's easy, if it's a privateer, you need to be more careful. And then, once you are sure that there is a real interest, and once you're sure that people are able, like it was the case with Haas, for example, then we make tender"
    Further evidence that a new team could be in the works come from Red Bull Team Principle Christian Horner, who following the speculation breaking during the Canadian Grand Prix weekend confirmed that several current Red Bull team members have been approached by a group looking to set up shop in the heart of the F1 team homeland in Oxfordshire. Horner stated that "Some of our people were asked if they would be interested in working for a new team", however the Red Bull man went on to cast doubt on the possibility of the new outfit being ready in time to make a debut as early as next season.

    Exactly what the intentions of the new outfit are remain to be seen, but with the FIA open to increasing the current grid size and Formula One always willing to help a rich man spend his money, the chances of seeing a Chinese backed Formula One race team in the very near future appear to be closer than ever before.

    More to follow when it becomes known...


    Check out our Formula One sub forum here at RaceDepartment for all the latest news and discussions around the world of Formula One Grand Prix racing. Head over, leave a post and get yourself involved with the community today!

    What do you think of the rumours of a new Grand Prix team? Can a team start from scratch and become competitive in modern day Formula One? Let us know in the comments section below!
     
    Last edited: Jun 21, 2017
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  2. Karlpeg

    Karlpeg

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    Jackie Chan! Jackie Chan! Jackie Chan!
     
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  3. Shad3R

    Shad3R

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    [​IMG]
    Imagine a F1 Team with this beautifull livery !
     
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  4. BattleOvce

    BattleOvce

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    Naaaah too crazy livery for a F1 car ... FIA (or whats the organization ..) wouldnt handle it and next year we will have livery rules.
     
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  5. Matuszczak Piotr

    Matuszczak Piotr
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    There are also rumors of Porsche F1 Team, maybe this is the big manufacturer his talking about :)
     
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  6. DaVeX↯

    DaVeX↯
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    I heard rumors even for Alfa Romeo or Lamborghini...
     
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  7. ThatRacingGuy

    ThatRacingGuy
    I drove 88 MPH last night... weird stuff happened

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    Nah a Alfa Romeo entry in Formula 1 would be highely unlikely, Alfa has minimal funding these days, They weren't even sure if you could a TCR car workk within budget, Imagine F1
     
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  8. Matuszczak Piotr

    Matuszczak Piotr
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    Looking at VW financial cuts Lambo is out, Alfa was supposed to be Ferrari's second team.
    One of the reporters, most of the time very well informed, heard that Porsche engineers were attending F1 engine talks.
     
  9. Shad3R

    Shad3R

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    Just gonna leave it here
    [​IMG]
    [​IMG]
    [​IMG]
     
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  10. BattleOvce

    BattleOvce

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    I heard rumors about Škoda Auto F1 Car ... :-O
     
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  11. Carlitox

    Carlitox
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    What I heard was Tobias Grüner of AMS reporting several people involved in F1 were getting offers from someone in the process of forming up a team.

    Tweet here, with article in german: https://twitter.com/tgruener/status/875654184044904449

    At this point I don't care that much who's involved, I just want them to be serious, like Haas.
     
  12. Warren Newman

    Warren Newman

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    Reliant were planning on developing an F1 team but after further study of the regulations which insisted upon 4 wheeled vehicles they backed out :p
     
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  13. Matthew327

    Matthew327
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    Just throwing in my two cents:

    Alfa Romeo:
    As a matter of fact, FIAT and Ferrari boss Sergio Marchionne has stated at several occasions that an Alfa Romeo return to Formula One would make sense in order to promote the brand (which has, indeed, seen its funds cut in recent years, but is likely to be built up in the coming years as a low-tier luxury and sports car brand somewhere below Ferrari in pricing terms); when asked about a potential partnership with an existing team, he said that an Alfa Romeo entry could only happen as an independent team. Assuming that they would make use of Ferrari engines, such an entry would indeed make sense, seeing that Ferrari will only be supplying two teams with engines next year (Scuderia Ferrari and Haas F1).

    Porsche/Audi:
    It's true that engineers from the Volkswagen company have attended talks about the future engine regulations in the past few months. Does that necessarily hint towards an F1 entry from either of Volkswagen's sports car brands? Probably not. If an entry were to happen, it's likely going to be Porsche (despite their activity in the WEC). Why? Simply because Audi has undergone a rebranding in motorracing terms - it's focusing on customer sports cars for GT and touring car racing (see Nürburgring 24 hours or TCR) as well as rallycross racing. Porsche on the other hand is already engaged in top-level motorracing with the WEC, so a venture into Formula 1 would fit better with the current brand identity. Lamborghini? Unlikely. There's hardly been any motorracing activity out of Sant'Agata Bolognese in the past two decades, save for a few customer Lambo's in GT racing, and the concept of racing doesn't exactly fit in too well with the nowadays employed brand identity of high-tier luxury sports cars.

    China:
    Why not? Looking at other kinds of sports, chinese investors are currently on a spending spree. They recently bought not one, but both Milan football clubs - AC Milan and Inter Milan - for a small fortune and are poised to invest another, slightly larger fortune into building those two teams up. A venture into Formula One seems to make sense. Additionally, Chinese car manufacturers have acquired quite a few traditional European brands, such as Volvo or MG, with FIAT being rumored to be on the verge of a deal over Lancia with an unnamed Chinese manufacturer. However, a Chinese entry could also run under the name of a Chinese brand - although the recognizability would be significantly lower than a traditional European name - or use the name of a former Formula One team. Who comes to mind? Brabham. The famous Australian racing dynasty, founded by the late Sir Jack Brabham, has recently attempted to make a reappearance on the stage of international motorracing; however, attempts to enter the WEC never materialized for funding reasons. A cooperation between the famous old name and significant Chinese funds could prove a viable approach to a motorracing return.

    Conclusion:
    Could we see a new F1 team entering the World Championship in the near future? More likely than not. The new ownership has already changed things for the better with the increased incorporation of social media, and so-far hesitant possible entrants could now be convinced to take the risk. However, it's hard to tell who is the most likely candidate for a future entry. An Alfa Romeo return does indeed, as @ThatRacingGuy has correctly pointed out, only make sense if the brand sees a revival. However, the recent introduction of the Alfa Giulia gives a glimpse of a glamourous and horsepower-rich future for the famous old name. The appearance of any Volkswagen brand depends heavily on the mid-term impact of the emission scandal that has led to the company withdrawing from WRC (Volkswagen) and WEC (Audi). Should that issue be resolved in a positive way (for Volkswagen), then an entry could materialize in 2020 or beyond, when the new engine regulations come into play. A Chinese entry appears to mbe the most likely, with the recent increase in highly publicized Chinese investment in Europe.
     
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  14. DaVeX↯

    DaVeX↯
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    Last rumors are
    - Ferrari interested on Ducati and Lamborghini (uh?well the last one sounds fake)
    - if Alfa will sell well (See GIULIA) we could see Alfa in F1 and/or DTM
    so...why not?
    Dreams are free
     
    Last edited: Jun 22, 2017
  15. rubaru

    rubaru

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    I haven't realized how much I missed green in Formula One (RIP, Caterham) until I saw someone put this together:

    hZzNnsx.png
     
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  16. Rob

    Rob
    XBO: OctoberDusk06 Premium

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    China? WTF? After the way they treated the Koreans, I'd never get in bed with F1 if I were in Asia. Of course, things may have changed after Bernie was shown the door. Then again, maybe China and F1 are perfect for each other.
     
  17. Paulo Gomes

    Paulo Gomes

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    Definitely is chinese investors!

    "... an update of Britain's Companies House register has revealed the renaming of a business as China F1 Racing Team Limited.
    The company, which had previously been called Bronze Fortune Limited, is run by a French lawyer called Michael Orts, who has competed in sports car racing in Europe and America."

    info from motorsport.com
     
  18. Rob

    Rob
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    Where art thou Dan Gurney?
     
  19. darkelf1

    darkelf1

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    More team more good, always love to play games include formula one...:thumbsup:
     
  20. larre90

    larre90

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    I bet, it's gonna be Lada, rebranding Manor! :D