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Formula 1 plays down chance of new teams entering in 2021

Formula 1 has issued a statement insisting that it is not involved in any serious discussions with prospective organisations interested in entering the championship in 2021. Formula 1 is set to introduce new sporting and technical regulations in 18 months’ time, with one element including the first stages of a budget cap. On Thursday a Monaco-based firm with links to the Campos junior outfit outlined its ambitions to join the Formula 1 grid in 2021. It revealed it had held multiple meetings with senior Formula 1 figures, had signed key designers, and had identified Pascal Wehrlein and Alex Palou as potential drivers. But on Thursday evening cold water was poured on their ambitions by...
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