FIA looking for 12th team

Sebastian Vettel of Germany and Infiniti Red Bull Racing leads the field on lap one of the Korean Formula One Grand Prix at Korea International Circuit on October 6, 2013
© Getty Images
The FIA open the tender process for a 12th team to join the starting grid in Formula 1 from the 2015 or 2016 season.

The FIA have revealed that they are looking for a 12th team to compete in Formula 1 from the start of either the 2015 or 2016 season.

Any potential new team have until January 3 to declare their interest to the governing body along with with an administration fee of $5,000 (£3,000).

"The FIA has decided to open a new selection process to identify a candidate team to participate at a competitive level in the FIA Formula One World Championship from the start of the 2015 or the 2016 season up to 2020 inclusive," read a statement on their website.

"The overall long-term interests of the championship will determine which candidates are selected."

Only 11 teams contested this year's championship following the end of HRT last year.

Red Bull team principal Christian Horner watches on during qualifying for the Brazilian Grand Prix on November 24, 2012
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TeamPoints
1Mercedes357
2Ferrari318
3Red Bull184
4Force India101
5Williams-Mercedes41
6Toro Rosso39
7Haas29
8Renault26
9McLaren11
10Sauber5
DriversTeamPoints
1Sebastian VettelFerrari202
2Lewis HamiltonMercedes188
3Valtteri BottasMercedes169
4Daniel RicciardoRed Bull117
5Kimi RaikkonenFerrari116
6Max VerstappenRed Bull67
7Sergio PerezForce India56
8Esteban OconForce India45
9Carlos SainzToro Rosso35
10Nico HulkenbergRenault26
11Felipe MassaWilliams-Mercedes23
12Lance StrollWilliams-Mercedes18
13Romain GrosjeanHaas18
14Kevin MagnussenHaas11
15Fernando AlonsoMcLaren10
16Pascal WehrleinSauber5
17Daniil KvyatToro Rosso4
18Stoffel VandoorneMcLaren1
19Marcus EricssonSauber0
20Jolyon PalmerRenault0
21Antonio GiovinazziSauber0
22Jenson ButtonMcLaren0
23Paul di RestaWilliams-Mercedes0