I remember at the time of that announcement, all the new teams who applied to take part from 2008 onwards were vetted by the FIA to ensure they had the funds to sustain a complete season in F1. The press at the time said that Carlin Motorsport were a shoe in for the vacant slot and I believe prodrive were outsiders to get on the grid at the time.
I never figured out how Eddie Jordan and Paul Stoddart intended to re-enter the sport given that neither of them owned any tangiable F1 assets since they both sold their teams lock, stock and barrel to other concerns (Midland/Spyker/Force India and Torro Rosso).
I have no idea why the grid limit was imposed in the first place. It used to be restricted to 26 cars so quite why it has been further restricted to 22 is anyones guess. How good would it be to see a grid so healthy that pre-qualifying has to be re-introduced.
As has already been mentioned, in this uncertain finacial climate I would say it would be good if F1 can come out of it with the existing teams still going. Attracting new teams will no doubt have to wait until there are better times ahead.
I never figured out how Eddie Jordan and Paul Stoddart intended to re-enter the sport given that neither of them owned any tangiable F1 assets since they both sold their teams lock, stock and barrel to other concerns (Midland/Spyker/Force India and Torro Rosso).
I have no idea why the grid limit was imposed in the first place. It used to be restricted to 26 cars so quite why it has been further restricted to 22 is anyones guess. How good would it be to see a grid so healthy that pre-qualifying has to be re-introduced.
As has already been mentioned, in this uncertain finacial climate I would say it would be good if F1 can come out of it with the existing teams still going. Attracting new teams will no doubt have to wait until there are better times ahead.