FIA looking for 12th team

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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