Veto right FOM delays decision about new entry for 2015

Published on 28 Feb 2014 13:33

By: Rob Veenstra

A decision about whether a twelfth or even thirteenth team will make its debut in 2015 has been postponed. With separate applications led by Nascar team co-owner Gene Haas, former HRT chief Colin Kolles and Serbian Zoran Stefanovich believed to have been lodged with the FIA, F1's governing body was scheduled to make an official announcement on Friday.

Representatives of the three projects met with the FIA early this week, where their respective financial and technical plans were discussed. But Germany's Auto Motor und Sport said on Friday that the announcement has been delayed. Correspondent Michael Schmidt said the delay is because F1's commercial rights holders, headed by chief executive Bernie Ecclestone, are yet to fully analyse the prospective new teams' projects. And Formula One Management "has a right of veto", Schmidt said. "Only when Bernie Ecclestone gives his approval will the applications be accepted," he added. (GMM)

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Veto right FOM delays decision about new entry for 2015

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