New F1 team hangs in the balance

The possibility of an 11th team joining the Formula One grid next season hangs in the balance after the deadline closed for entries on Tuesday. Governing body the FIA revealed it had received an application from the Japanese Super Aguri team.

But no decision will be reached until the FIA publishes the full entry list until early next month.

Four teams on the grid - BAR, Sauber, Jordan and Minardi - have also applied to change their names for next season. Sauber will be known as BMW Sauber F1, Jordan will be renamed Midland F1 and Minardi will become Squadra Toro Rosso. BAR, who will be owned by Honda, have yet to reveal what they will be called. The Japanese manufacturer is also set to supply engines and technical support to the proposed Super Aguri team. The new team, if approved, will be led by former F1 driver Aguri Suzuki.