In theory, yes, anyone can enter an F1 is the pinnacle of open wheel, single seater car racing and arguably the highest level of any motorsport globally.... There's more... team, although it is not going to be easy. You will need to demonstrate your ability to deliver a competitive team for the full season and gain approval from the event owner (Liberty Media are an investment company that owns Formula One Group which in turn owns the commercial rights to Formula... There's more...), the Fédération Internationale de l'Automobile is the association responsible for the interests of motoring organisations and motor car users across the... There's more... and the other teams.
You will need to fund the team at $140,000,000.00, plus power units at $10,000,000.00 – $18,000,000.00 each (minimum of six required). OK, so we all know what the driver is, right. I've always liked the description that F1 drivers are like... There's more... fees and senior management fees are on top of this.
Then you will need to stump up $200,000,000.00 which is distributed amongst the existing teams in compensation for a reduction in prize payout through adding a new share. You will also need to accept that you will not qualify for Prize money is a significant part of the. funding structure for an F1 team. Teams receive a share of the... There's more... for the first year.
At the time of writing, Andretti Motorsports are making a serious bid to enter a team. Read about it on motorsport.com – here