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Lola withdraws F1 entry

Having missed out on one of the three slots on the 2010 F1 grid after the FIA revealed the 13 teams that will make up the grid next season, Lola has confirmed that it has withdraw its application with the governing body.

The Huntingdon company had been hotly tipped to earn a slot on the grid for the 2010 campaign but, along with fellow favourites Prodrive, was left disappointed when the FIA revealed that Campos, USF1 and Manor had secured the sought-after positions on the grid.

Work had already started on the design of Lola's 2010 challenger but the company has now elected to withdraw its application despite the fact that the FIA has stated newcomers could still secure a slot on the grid if one of the current teams fail to sign up unconditionally.

“Lola F1 Team Ltd has today advised the FIA of the decision to withdraw its application to enter the 2010 FIA Formula One World Championship,” a statement read. “Significant financial investment has been made in producing its 2010 contender and the FIA had requested that the Lola F1 Team remain in a state of readiness for a possible future entry.

“Lola F1 Team has thanked the FIA for giving its application to enter the 2010 FIA Formula One World Championship serious consideration.

“No further comment will be made.”

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RTF - Unregistered

June 17, 2009 2:39 PM

Again the FIA mess up - They are a bunch of amateurs. Lola spend money to get a car on the grid for 2010 - Probably a lot of money. They get turned down (effectively loosing said money) and then are told by "the Nit man"/FIA to keep hanging on just in case. I feel really sorry for Lola as well as Prodrive. What's stopping the FIA having more cars on the grid - Anything to do with the money grabbing ba**ards? It beggars belief. I urge FOTA to set up a rival championship - PLEASE!

Panuno - Unregistered

June 17, 2009 2:47 PM

Either that, or perhaps they have withdrawn in order to make an entry into an alternative FOTA organised series perhaps? We might know more after Friday.

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