Team Superfund Bids For F1 Entry

Former F1 driver Alexander Wurz has revealed that his new Austrian outfit Team Superfund has submitted an entry to join the grid in 2010.

The former Benetton and Williams driver has revealed Team Superfund has sent an application to governing body the FIA to fill one of two additional spots to the existing 10 teams currently participating in the sport.

Team Superfund is backed solely by Austrian businessman Christian Baha and plans to use Cosworth custom engines.

However, Wurz added that the success of the team’s bid may depend on the rules governing next season’s campaign.

FIA president Max Mosley and the Formula One Teams’ Association (FOTA), which represents all the current teams on the grid with the exception of Williams, are still negotiating the rules for 2010.

The key sticking point is Mosley’s desire to impose a budget cap of around £40m – a figure which would encourage start-up teams to enter the sport.

‘When we saw that through budget caps and natural market conditions, the cost of running a team was going to come down, we saw it as an opportunity,’ Wurz added.

‘But nothing can be fully decided until it becomes clear what we are allowed and not allowed to do for 2010 and years to follow.’

Team Superfund have added their name to the list of known new entries along with Prodrive, Litespeed GP, Campos Meta Racing, US F1 and former F1 team Lola.

The nine Fota teams all submitted conditional entries on the 29th May deadline. Williams were suspended from Fota following their decision to participate in the 2010 championship regardless of the outcome of the ongoing negotiations over the budget cap.

The FIA will publish the final list of 2010 entries on 12th June.