Richards decides against F1 return 19/04/2010 |
|
| |
| |
David Richards has ruled out a return to Formula 1 with his Prodrive organisation.
Prodrive was expected to be among the frontrunners for the 13th place on next year’s grid following the demise of US F1.
But Richards, who is a former team principal of Benetton and BAR, will instead focus on a return to the World Rally Championship next year, as well as developing the racing programme for Aston Martin, where he is chairman.
He said Formula 1 "creates a very demanding agenda for the business" and added: "Taking on the challenge of starting a brand new Formula 1 team, finding the necessary funding and developing the car from scratch is a massive undertaking and not to be underestimated.
"As expected, we've witnessed the financial and technical challenges the new teams have faced this year in just getting to the grid, let alone being competitive.
"While I have enormous admiration for their efforts, I don't believe this is an appropriate strategy for Prodrive or Aston Martin to adopt.
"We've enjoyed a successful involvement in F1 in the past and respect the value it can create. We will therefore keep a close eye on developments in the championship.
"However, I have always made it very clear the timing for a Prodrive entry would be judged on two criteria: that we could be competitive and the business case would make it a financially viable proposition.
"Today, if we were to adopt the strategy of starting a new team, I don't believe it is possible to meet these two conditions."
|
| Back |
| |
| |
|
|
 |
Advertisement
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
