The rest of the world if they want open wheel racing besides F1 they have to turn to CART or Indy. I think P1 will appeal to europians and others first because of the teams will be owned by soccer teams which already have their fan base. Plus the rules they allow like non traction control and slicks will make for more exciting racing. Like a Europian CART if you will. I think it would had been smarter to make the powerplants V12's rather then V10's. Give the league more distinction.

But hopefully this will put preasure on the FIA to reconsider certain handicaps like grooved tires and short wheel bases. I will certainly be watching in addition to F1. It could aslo act as another spring board into F1 if driver's have no place in F1 or rookies move up from F3 or F2 for example.

PS - They to will have team orders

Not many Clubs can afford that. Manchester and Arsenal are very wealthy with all their merchendise but I don't think It'll work. It's a funny idea though...