Jean Todt: 'Formula 1 could have new teams for 2019'

The president of the International Automobile Federation, Jean Todt, arrives for a press conference at the Argentine Automobile Club on August 1, 2013
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Jean Todt admits that a new team might be lining up to enter Formula 1.

Jean Todt has not denied that a new team might be lining up to enter Formula 1.

There have been rumours that a new project backed by Chinese investors has been shopping around at existing teams for personnel.

Now, Brazil's Globo reports that a company called China F1 Racing Team has been registered at Companies House in Britain.

Indeed, filed documentation shows that the London-based company, with a single director who has been in business for many years, was previously called Bronze Fortune.

FIA president Todt is quoted by France's L'Equipe as saying: "We currently have 10 teams but the idea is to have 12.

"There is an opportunity for one or two teams to join F1. There are a lot of rumours in this area, but there is a clear interest from several sides."

However, Todt said that there would be no time for a new outfit to be up and running in time for 2018.

"When we see that the right time has come, we will announce a process for potential new teams," he said.

The 2017 championship continues on Sunday with the Azerbaijan Grand Prix.

Nico Rosberg of Germany and Mercedes GP leads Sebastian Vettel of Germany and Ferrari and Lewis Hamilton of Great Britain and Mercedes GP into the first corner during the Spanish Formula One Grand Prix at Circuit de Catalunya on May 10, 2015
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TeamPoints
1Mercedes250
2Ferrari226
3Red Bull137
4Force India79
5Williams-Mercedes37
6Toro Rosso33
7Haas21
8Renault18
9Sauber5
10McLaren2
DriversTeamPoints
1Sebastian VettelFerrari153
2Lewis HamiltonMercedes139
3Valtteri BottasMercedes111
4Daniel RicciardoRed Bull92
5Kimi RaikkonenFerrari73
6Max VerstappenRed Bull45
7Sergio PerezForce India44
8Esteban OconForce India35
9Carlos SainzToro Rosso29
10Felipe MassaWilliams-Mercedes20
11Nico HulkenbergRenault18
12Lance StrollWilliams-Mercedes17
13Kevin MagnussenHaas11
14Romain GrosjeanHaas10
15Pascal WehrleinSauber5
16Daniil KvyatToro Rosso4
17Fernando AlonsoMcLaren2
18Stoffel VandoorneMcLaren0
19Jolyon PalmerRenault0
20Marcus EricssonSauber0
21Antonio GiovinazziSauber0
22Jenson ButtonMcLaren0
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