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Last Updated: Friday, 21 April 2006, 10:44 GMT 11:44 UK
F1 chiefs decide on grid for 2008
Former BAR and Benetton boss David Richards
Richards is expected to enter his Prodrive team in 2008
Formula One's ruling body the FIA has decided which 12 teams will compete in the championship in 2008.

It is expected that the 11 existing teams will all take part despite the continuing discord over the future of the sport.

The FIA has also chosen a new team to join the grid in 2008.

The Prodrive company, run by former BAR and Benetton boss David Richards, has been tipped as the likely winner when the announcement is made next week.

Five carmakers had threatened to form a breakaway series from 2008 if they were not granted a greater share of F1's profits and a bigger say in how the sport was run.

But Renault, BMW, Mercedes, Toyota and Honda have all entered, even though they have failed to agree a new commercial deal with the FIA.

We got a 'not at this time but stay in touch' sort of letter
Former Minardi boss
Paul Stoddart
The FIA also received 11 applications from new teams for 2008.

"We have heard rumours of letters flying around but we have been told that the formal announcement will come next Friday and we await that with bated breath," said Richards, whose company is based in Banbury.

Former Minardi boss Paul Stoddart confirmed that he had received a rejection letter from the FIA.

"We got a 'not at this time but stay in touch' sort of letter," said the Australian, who had hoped to resurrect the Minardi name after selling his team to Red Bull last year.

Other candidates to join in 2008 include Carlin Motorsport, run by former Jordan sporting director Trevor Carlin. The team has won a series of British Formula Three titles.

FIA president Max Mosley said: "All the teams concerned have been notified, including those that haven't been accepted.

"I can't comment on who has been accepted. But we have made a decision.

"You simply look at all the different aspects of each team and take the one that looks the best.

"There were some very good candidates but in the end it was a decision of the (FIA's) world council."

Renault hedge bets over F1 future
20 Apr 06 |  Formula One
Prodrive among 22 F1 applicants
31 Mar 06 |  Formula One
F1 rebels sign up for 2008 series
27 Mar 06 |  Formula One


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