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Carey fires warning shot at new teams

F1 supremo Chase Carey has fired a warning shot at potential new F1 teams after the American said that the potential entries need to have a strong business strategy. Although FIA president Jean Todt wishes for the grid to expand to twelve teams, both Todt and Carey agree that the teams must have a good business strategy in order for them to be accepted onto the F1 grid in light of the three new teams from 2010 all going out of Formula 1 just six years after being accepted onto the grid. “I think one of our key priorities is making and owning a team a better business. Our overriding objectives is to make better racing, better competition and better and more unpredictable action and drama....
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