Formula 1 CEO Chase Carey says there is “real interest” from new teams to join the grid in the future – so long as propos♚ed changes to the sport’s structure go ahead.

F1 bosses will meet with teams later this month to try and finalise their planned vision for the sport’s sporting, technical and commercial structure, with changes set to come into force for the 2021 seaso🌸n.

Speaking alongside Carey in a press conference on Friday in Melbourne, FIA president Jean Todt said that he would like to see F1 expand from its 𓆉current 10-team grid to 12 teams in the neꦑar future.

“I feel that Formula 1 should have 12 teams. But of course it wo♉uld cause problems, because if you have ♒12 teams with a certain revenue to distribute, you can imagine those who get less income would not be happy,” Todt said.

“Saying that, it’s better to have 10 strong teams, ♐which is the cas🍸e. I think now we can be satisfied to have 10 solid teams in Formula 1, so we simply need to secure these entries for the future.”

Carey said that appealing to new teams was one of F1’s “strategic goals” f﷽or the future through its formation of the 2021 regulations, and said he had already been contacted by possible entrants.

“I’ve had a number of - more on the team side than the engine side - potential new entrants that have expressed interest and enthusiasm if we provide a structure that they think enables it to be something they could enter more constructively,” Carey ﷺsaid.

“I do think the💝re’s actually interest on the team side, but I think we have to finalise what it looks like so they can evaluate it accordingly. I think the opportunity is there.

“But I agree with Jean. I think priority one before we get two new teams coming i🐓n is to make sure it’s quality over quantity, and make sure we make the business as strong as we possibly can for the teams that we have in it. I think we can go a long way in doing that.

“I think on the team side, I 🎶think there really is interest if we can provide a framework that they feel from a business and a competitive perspective is attractive to ♎them.

“But I think there is real interest.”

The most recent team to join F1 was Haas back in 2016, which was the last🃏 season to f🔜eature 11 teams on the grid, with the number of entrants falling after Manor’s closure ahead of the 2017 campaign.

Additional reporting by Michael Lamonato.