News Details

Monaco-based firm reiterates interest in F1 team entry

The renamed Monaco F1 Racing Team Project has reiterated its interest in entering Formula 1 in the future and hopes the $200m entry fee for new squads can be waived. In October 2019 Monaco Increase Management, a firm led by businessman Salvatore Gandolfo, revealed its ambitions to enter Formula 1 in 2021 in conjunction with junior squad Campos Racing. It outlined that it had held meetings with Formula 1 chiefs Ross Brawn and then CEO Chase Carey and had hired Peter McCool and Ben Wood as Technical Director and Chief Aerodynamicist respectively. MIM also manages several drivers in motorsport, most notably Porsche Formula E racer Pascal Wehrlein, who previously competed for Manor and Sauber...
Full Story »
Share

You May Also Be Interested In...

Curious statements from CEO Renault about sporting...

Luca de Meo is CEO of the Renault group and therefore also directs the...
5y ago from GPBlog.com

Curious statements from Renault CEO about sporting...

Luca de Meo is CEO of the Renault group and therefore also directs the...
5y ago from GPBlog.com

McLaren extend partnership with tech firm Splunk

McLaren Racing and Splunk Inc., provider of the...
5y ago from GrandPrix247.com

McLaren will only consider Formula E entry if cost cap...

McLaren says its entry into Formula E is entirely dependent on a cost cap...
5y ago from MotorsportWeek.com

Elsewhere On The Network

Popular On MGPToday.com

Victoria Government rejects MotoGP requests to move...

The Victoria State Government has rejected a request from MotoGP to move...

Dorna Sports unveils rebrand as part of MotoGP...

Dorna Sports has announced it will be officially known as MotoGP Sports...

Popular On IndyCarToday.com

David Malukas heads the timesheets in opening IndyCar...

The NTT IndyCar Series held the first of two open test days at Phoenix...
15h ago from MotorsportWeek.c...

George Barber, founder of iconic IndyCar venue, passes...

Barber Motorsports Park has announced that founder of the iconic track...
20h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Elfyn Evans wins Swedish showdown

Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...

Popular On GunnersToday.com

'One of the only ones in that dressing room who has...

Rio Ferdinand has backed Gabriel Jesus to be a critical player for Arsenal...
1h ago from SportsKeeda.com

Manchester United overtake Arsenal & Barcelona in...

Manchester United now reportedly look to be leading the race for the...
1h ago from CaughtOffside.com

Report: Tottenham star could complete surprise...

Tottenham striker Richarlison is reportedly a transfer target for Atletico...
2h ago from CaughtOffside.com

Every Premier League free agent this summer, featuring...

We've got a list of every free agent who'll be on the market this summer...
3h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.