The next new team for F1 could now be on the horizon, according to Germany's Auto Bild Motorsport.

The publication suggested that Prema Powerteam, a lower-category Italian outfit that fields Lance Stroll in F3 and Mick Schumacher in Formula 4, could be first in line to emulate the successful new 'Haas'-like model.

"Stepping into formula one is not something you just decide to do," a Prema spokeswoman said. "The circumstances have to be right and everything has to fit."

There are signs that time is now.

Prema has linked up with Theodore Racing, an F1 team of the 70s and 80s. Then, Theodore was run by Hong Kong millionaire Teddy Yip, and now it is headed by his son, Teddy Yip jr.

Theodore has also entered Indycar this year with the Rahal Letterman Lanigan team.

(GMM)