29/05/2009
NEWS STORY
Prodrive has today applied to the FIA for an entry in the Formula One World Championship from the start of the 2010 season.
A statement issued by the team this morning reads as follows:
"We are very appreciative of the support we have been given in putting together our entry, not least by both the FIA and FOM. With the help of Dar Capital, in raising the finance, coupled with our understanding of the latest proposals to assist new teams, we now feel the conditions are right to formally request the FIA for an entry," commented David Richards, chairman of Prodrive.
Richards added, "The level of next year's cost cap has risen substantially since we originally considered entering. However everyone appears committed to major reductions in future years and when one takes into account the transition proposals for new teams we are confident that we now have the opportunity to be both commercially viable and competitive. As we have said all along, we don't want to be in Formula One just to make up the numbers."