Jun.17 (GMM) Hopeful teams are facing a delay in the FIA's decision about the final place on the 2011 formula one grid.

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.

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".

But Villadelprat has now indicated that a delay is likely.

"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."

"That gives the team an extremely short preparation time.

"It is therefore unavoidable at this stage to invest in the 2011 project without knowing whether we will be on the grid."

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.

"With a lower budget we would only make up the numbers," he said.

Latest F1 News - Mobile version

26 Feb: New Ferrari not quickest in field - Domenicali 26 Feb: Red Bull still best in 2013 - Tost 26 Feb: 2014 French grand prix 'possible' - Prost 26 Feb: Danica Patrick 'not interested' in F1 switch 26 Feb: Report - Gilles Simon working on F1 engine for Honda 26 Feb: Gutierrez plays down link to Carlos Slim 26 Feb: Caterham exhaust 'legal' insists van der Garde 26 Feb: McLaren replaces Mercedes-bound Lowe 25 Feb: 'Engine maps' trouble for Red Bull, Lotus - report 25 Feb: Mercedes-bound Lowe to miss 2013 opener - report 25 Feb: Mercedes 'in group of teams' behind Red Bull - Lauda 25 Feb: Gutierrez expects Hulkenberg to beat him early in 2013 25 Feb: New Ferrari 'much better' than 2012 - Massa 25 Feb: Teams 'will adapt' to new tyre situation - Gutierrez 25 Feb: Tight rules make today's F1 cars 'the same' - Forghieri 25 Feb: Williams removes controversial exhaust trick 25 Feb: Contract 'conflicts' cause of Marussia test snub - Razia 25 Feb: Lotus to fight Red Bull for title - Gutierrez 25 Feb: Marussia 'ahead of Caterham' - Chilton 25 Feb: Sutil will not stay in F1 as test driver The latest F1 News - Mobile Version