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Potential Formula 1 newcomers have been warned it is “practically impossible” to survive without major third-party investment.
The FIA recently opened up a tender process to attract new F1 teams as early as next year, but more realistically for 2017, with a decision due at the end of September.
As even the smaller F1 teams now operating on annual budgets of £50-60million, it is likely only a major manufacturer or billionaire benefactor could afford to bankroll a new team – reckons Sauber boss Monisha Kaltenborn.
Two of the last three new F1 entrants – HRT and Caterham – have gone out of business and fellow 2010 arrival Manor had to be brought out of administration to race this year.
“It’s practically impossible to survive unless you have any revenues from a third-party business or somewhere else,” Kaltenborn told AUTOSPORT.
“You can’t make a business plan work if the revenue stream is not changed.”
Kaltenborn is concerned that only an alliance with a big team can make F1 viable for a newcomer.
Speculation has linked leading GP2 team with a joint F1 project with McLare