F1 » Speedcar goes pop as financial bubble bursts

The Middle East and Asia-based Speedcar Series - featuring drivers of the calibre of Jean Alesi, Johnny Herbert, JJ Lehto, Heinz-Harald Frentzen and Jacques Villeneuve over the past two seasons - has become the latest victim of the global credit crunch.

Last Comment

Dubai Motorhead - Unregistered

July 01, 2009 7:30 PM

It IS a shame to see any race series canned i agree, however Speedcar... IMHO was doomed from the start. It is ludicrous what is happening here in the Mideast, little money is invested in grass roots motorsports and everyone cries when no spectators turn up. Money should have been spent on growing an entry level series and supporting learning programs for young drivers, YES I agree that real talent was involved in the series creation, BUT was any of that knowledge actually transferred back to the region NO, are the engineers or technicians actually now going to build up our service industry,,NO - so WHO benefited ?? It was sloppy practice on the sponsors UP, who should have known better...

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