Hopeful teams are facing a delay in the FIA’s decision about the final place on the 2011 formula one grid.<\/p>\n
That is the claim of Joan Villadelprat, whose Spanish outfit Epsilon Euskadi as well as Nicolas Todt’s ART are considered the two favourites for the 13th team entry.<\/p>\n
The FIA’s expression of interest process ended in April, with teams then lodging full applications and a fee by the end of June followed by “due diligence leading to a decision in July”.<\/p>\n
But Villadelprat has now indicated that a delay is likely.<\/p>\n
“I am optimistic about our chances,” he is quoted by Italy’s Autosprint, “but worried that the FIA will make a decision probably in August.”<\/p>\n
“That gives the team an extremely short preparation time.<\/p>\n
“It is therefore unavoidable at this stage to invest in the 2011 project without knowing whether we will be on the grid.”<\/p>\n
Villadelprat said he is targeting a start-up budget of EUR 100 million, which is substantially more than the amount being spent this year by any of the three new teams.<\/p>\n
“With a lower budget we would only make up the numbers,” he said.<\/p>\n
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