Prodrive: No Entry For 2008
thefastlane | 28 November, 2007 20:23
Prodrive has announced that they won’t send an entry to the 2008 Formula One Season championship. It was confirmed by former BAR principal David Richards of Prodrive.
"Prodrive has always been committed to competing in Formula One with what has become known as a 'customer car'. It has been well known that our entry was made on this basis and that our entire business model was built upon this premise,” stated the company.
"Over the past 18 months we have put considerable effort into securing an agreement for the supply of cars and engines from McLaren and Mercedes, as well as financial backing from a partner new to the sport."
"It was therefore particularly disappointing to face a last minute legal challenge to our entry, when our plans have been public knowledge for over a year."
"This legal challenge and continuing delays to the new 'Concorde Agreement' represent a fundamental change in circumstances. Therefore we must now realistically rule out the possibility of Prodrive being on the grid in 2008."
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