FIA to announce 4th new F1 team

UPDATE (GMM) F1's governing body is officially looking for another team to add to the 2010 grid.
ppp The FIA re-opened the application process after BMW announced it is pulling out at the end of this season, and failed initial rescue efforts meant the Hinwil based Sauber team could not sign the new Concorde Agreement.
ppp The Guardian newspaper said FIA president Max Mosley wrote to the seven teams that are on a reserve list, after USF1, Manor and Campos were granted official entries in the last team application process.
ppp It is said that those invited to re-apply for a 2010 entry are Prodrive, Epsilon Euskadi, Lola, March, Brabham, Lotus and Team Superfund.
ppp The Guardian said Epsilon Euskadi is the current frontrunner, and its figurehead Joan Villadelprat said last week: "To take BMW's place would be difficult, but if a vacancy becomes available we will be there.
ppp "I am in permanent contact with the FIA and Ecclestone. I am sure that we will be in F1, I don't know if it's in a week, a month or a year," he added.

08/09/09 The FIA is currently looking for another new team to join Formula 1 as of next season. The BMW Sauber F1 team announced it will stop its F1 activities at the end of the season. The team had until Wednesday to find a buyer but failed to do so.

Even though the Swiss based team is still searching hard to try and sell its Formula 1 team the FIA is not willing to wait any longer. The FIA is rumored to be in touch with Epsilon Euskadi and Prodrive again. One of them could soon be the happy owner of a Formula One team license.

The 2010 Formula 1 season will see Campos, Manor and USF1 enter the grid.