Jan.10 (GMM) F1's new commercial agreement means that Prodrive will not enter the sport in the near future, David Richards said on Thursday.
The Oxfordshire based company's chief had earlier left open the option of reassessing Prodrive's plans in 2009, having withdrawn his entry to become formula one's twelfth team this season because of the 'customer car' furore.
But Autocar reports that Richards now definitively considers the Prodrive F1 project a "dead duck", following the finalisation of the new Concorde Agreement.
The British automobile magazine says the sport's belated commercial agreement for 2008 and beyond makes it mandatory for teams to ultimately be constructors.
Richards, at the Autosport exhibition in Birmingham, said the clause will make it "not financially viable for smaller teams to enter the sport"
He added that, for a small team like Prodrive, it would be "too impractical to be competitive".
Written: Fri, 11 Jan 2008 09:40:42
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- August 20, 2009Two more new teams for 2010?
- August 10, 2009FIA re-opens door
- August 03, 2009Prodrive also unhappy with FIA
- June 12, 2009Prodrive disappointed to be left out
- June 03, 2009Mercedes ready to help
- May 29, 2009Prodrive set for 2010 F1 entry
- May 27, 2009Richards still undecided
- May 19, 2009Richards undecided on 2010
- May 03, 2009Richards undecided over F1 team identity
- December 22, 2008Richards in Honda talks
- (January 11, 2008)View all headlines from this date
