Having had their application for a 2010 grid berth rejected by the FIA last year, the Spanish outfit Epsilon Euskadi is now targeting a place on the 2011 grid with the FIA now having opened up the application process once again.
Headed by former F1 team manager Joan Villadelprat, Epsilon Euskadi – which operates a team in the Formula Renault championship – was denied a place on the 2010 grid behind USF1, which was accepted, but has since withdrawn its entry and left a vacant position in the pit lane.
"We were ready in June, we had the financial support, but for whatever reasons we were not chosen," Villadelprat told ESPN.
"We will reopen the project and my job is to re-gather all of the support that we had. If the FIA gives us enough time to be ready for next year, we can be in F1."
As well as filling the currently vacant 13th team berth, the sport’s governing body, the FIA, is also on the lookout for a reserve team as the 2011-12 selection process continues – no doubt wanting to avoid a repeat is the off-season fiasco!
How do you rate their chances?