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ART Grand Prix withdraws 2011 entry bid

Multiple GP2 Series and F3 Euroseries champions ART Grand Prix - arguably the most likely of the F1 2011 hopefuls to be granted the extra grid slot next year given its credentials - has pulled out of the running citing 'unfavourable economic conditions'
In a surprising development, ART Grand Prix has announced that it has pulled out of the running for the available 13th spot in the F1 field in 2011 – blaming 'unfavourable economic conditions' for its unexpected volte-face.

Of all the potential new entrants, ART had looked to be by far the most worthy of and likely to be granted the grid slot, due both to its supreme pedigree and credentials in the junior formulae – with six GP2 Series crowns in the championship's short history, two more in the feeder category's Asia Series and an unbeaten record in the hotly-contested F3 Euroseries since 2008 – and also the fact that co-founder Nicolas Todt is the son of FIA President Jean Todt, who will ultimately make the final decision about who gets the nod.

'The team has been working for several months on this ambitious project that they had undertaken with determination and lucidity,' read an official statement from the French concern. 'ART Grand Prix had forged strong bonds with several technical and financial partners, but with unfavourable economic conditions they could not gather the necessary guarantees to ensure the stability of the project in the long-term.

“Therefore, the company will have to postpone its project until a later date, however it remains completely focussed and dedicated to the other single-seater championships in which it is successfully involved.”

The withdrawal means the list of possible newcomers next season has now been narrowed down to Italian outfit Durango, the mysterious American Cypher Group, Serbia's unusual and ultimately unsuccessful 2010 hopeful Stefan GP and ex-Tyrrell, Benetton and Prost team manager Joan Villadelprat's Epsilon Euskadi sportscar and single-seater operation.



Related Pictures

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Alexander Sims (GBR) ART Grand Prix Dallara Mercedes
Alexander Sims (GBR) ART Grand Prix Dallara Mercedes
Alexander Sims (GBR) ART Grand Prix Dallara Mercedes
Nicolas Todt (FRA), Bahrain F1 Grand Prix, Sakhir, Bahrain, 4-6th, April, 2008
Sam Bird - ART Grand Prix
Nico Hulkenberg - ART Grand Prix   [pic credit: GP2]
Pastor Maldonado - ART Grand Prix [pic credit: GP2 Media]
Nico Hulkenberg - ART Grand Prix [pic credit: GP2 Media]
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Old n Crumbley - Unregistered

July 07, 2010 7:12 PM

Same old red tape, it's a shame that decent teams can't turn up like they did back in the day and run a conforming car when they had chance... Not that I want the Indy 500 counting for WC Points, that was a poor idea even then!

Firefly

July 07, 2010 7:24 PM

Too bad, these guys looked like the real deal, seeing how well they've been doing in all classes they compete in. Then again, making this decision is better than plowing through and possibly destroy the whole operation just for a place on the F1 grid.



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