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GP Week : Issue 51
F1 ‘rejects’ await political outcome THE potential new F1 teams which submitted entries to the 2010 Formula 1 World Championship, but which have not either pulled out of the running or been turned away by the FIA, are still awaiting news of the resolution of the ongoing political conflict. Mike Gascoyne, whose MGI Ltd company joined forces with F3 outfit Litespeed (below) to launch an F1 bid, told GPWeek at Silverstone that his team had been told to remain on standby by FIA President Max Mosley. “We were told by the FIA to continue and to be ready in case the situation changed and that’s what we’ve done,”he said in the Silverstone paddock. “We haven’t withdrawn our entry. Obviously the situation is very confused at the moment but we’re still ready to enter should there be a slot.” Gascoyne admitted that Litespeed were in a difficult position, for as long as they remained on standby the team was forced to spend money on a project which may never see fruition. “It is difficult because you’ve got to spend money to move forward and you obviously don’t want to do that if you don’t have an entry. We’re in communication with the FIA and liaising closely with them and at the moment FOTA/FIA war spells an anxious and expensive wait for wannabe F1 teams we’re fine.” Despite worries throughout the paddock that the potential new entries could be used as political pawns in a war between the FIA and FOTA, Gascoyne said that he was confident that should any of the new teams be granted an entry, the FIA would stand by its word. “No I don’t think so, and I think if teams are granted an entry they will have an entry. Obviously there will be a lot of negotiation and I hope the matter gets sorted out and the parties come together, but we have to wait and see. From our side as Litespeed we’re ready to enter as and when.”