The 2016 Formula 1 grid will be capped at eleven teams, after the FIA confirmed that no new applicant had managed to meet the criteria be granted a competition license.
The sport’s governing body had opened up a new team tender earlier this year in a bid to find fresh entries to secure the long-term future of the sport, as well as fill the vacancy left by the Caterham F1 Team, which had shut down in the 2014-15 off-season.
Interested applicants had to submit their tenders by 30 June, but that deadline was extended until July to give applicants more time to get their paperwork sorted.
In the end, two applicant teams expressed interest, but neither met the FIA’s criteria. The FIA declined to reveal the identities of the applicant teams.
Image via XPB Images
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