A small F1 team has 200 or more employees. The top technical staff need to have experience running an F1 team and designing F1 cars. Plus they need access to a wind tunnel and a factory, not to mention an engine supply. To set up a team for the 2022 season, they would have to have the design team in place now and working in the wind tunnel, which means they would need an engine supply contract already signed. If they were that far advanced, everybody would already know. There might be people exploring the possibility, but they won’t be on the grid before 2023 at the very earliest. Not to mention, it’s probably cheaper to buy Haas or Sauber than to start from scratch.
F1 is going in the right direction with the cost caps, but they really need to simplify the power units to reduce their development costs and entice more engine manufacturers/teams back to the sport.
I know we’d all like to go back to big wailing NA V10s, but that’ll never happen as it’ll be a backwards step for the sport and it certainly wouldn’t promote a “green” image for the sport.
I reckon the PU needs to be simplified by keeping it a hybrid, but remove the complex MGU-H unit and turbos, leaving the MGU-K (Basically the KERS system). Change the engine to say, a 3.0 NA V8 with a larger, more powerful MGU-K unit than before would bring back some of the noise that we love as fans, whilst still promoting a “green” image for the sport.
This would appeal to new engine manufacturers, as development costs would be way less than the current PU, whilst still allowing them to use the hybrid system to help develop and market hybrid/electric systems for their own road cars.