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iSport exit confirmed as Russian Time signs up

The exit of the iSport International team from the 2013 GP2 Series has been confirmed, with their slot on the grid set to be taken by a new Russian team.
The iSport International team will be absent from the GP2 grid for the first time in the series history, after completing a deal to sell its two Dallara GP2/11 cars to a new team called Russian Time.

"I am pleased to welcome Russian Time to the GP2 Series," said the series CEO Bruno Michel on Monday morning. "I am certain that they will be a great addition to our field."

The principal of the new team will be Igor Mazepa, who said this week how happy he was to be heading up the latest team to compete in the feeder series.

"It is one of the most prestigious categories in motorsport," he said. "We're looking forward to this first season and hope to add many more to it!"

Reports that iSport were looking to exit the series after failing to secure sufficient funds to finance competition in the whole of the upcoming 2013 season first surfaced at the end of February.

iSport team principal Paul Jackson had said that there was "no point in committing commercial suicide" by trying to stay in GP2 with insufficient backing, and that his priority was to save the rest of iSport business and turn the squad's focus toward competing in other, less costly championships.

"We did not find drivers to negotiate contracts with that would have enabled us to ensure participation," Jackson had told specialist German motorsports site Motorsport-Total.com. "My company has no sponsors in the background that can close a shortfall of 500,000 euros."

Michel was appreciative of Jackson's attempts to handle iSport's exit from GP2 in as least disruptive way as was possible in the circumstances.

“I would like to take this opportunity to thank iSport International and Paul Jackson for eight great seasons in GP2 and wish them all the best for the future," said the series CEO.




Related Pictures

Click on relevant pic to enlarge
Bruno Michel, GP2/GP3 Series Organiser. (Photo Credit: Alastair Staley/GP2 Media Service.)
Paul Jackson, iSport International team principal, during pre-season testing at Jerez. (Photo Copyright: Alastair Staley/ GP2 Series Media Service.)
2012 GP2 Series Testing at Barcelona, Spain. Wednesday 31st October 2012. .iSport logo. (Photo Credit: Alastair Staley/GP2 Series Media Service.)
RUSSIAN TIME logo. (Photo Alastair Staley/GP2 Series Media Service)
Daniel Abt (GER, Hilmer Motorsport), leads Jolyon Palmer (GBR, DAMS), Felipe Nasr (BRA, Carlin) & Artem Markelov (RUS, RT RUSSIAN TIME) at the start at Spa-Francorchamps, Spa, Belgium. Sunday 24 August 2014. (Photo: Sam Bloxham/GP2 Series Media Service.)
Artem Markelov (RUS, Russian Time) at Spa-Francorchamps, Spa, Belgium. Friday 22 August 2014. (Photo: Jed Leicester/GP2 Series Media Service.)
Mitch Evans (NZL, Russian Time) celebrates at Hockenheimring, Hockenheim, Germany. Saturday 19 July 2014. (Photo: Sam Bloxham/GP2 Series Media Service.)
Mitch Evans (NZL, Russian Time), Stoffel Vandoorne (BEL, ART Grand Prix) & Jolyon Palmer (GBR, DAMS) celebrate at Hockenheimring, Hockenheim, Germany. Saturday 19 July 2014. (Photo: Sam Bloxham/GP2 Series Media Service.)
Mitch Evans (NZL, Russian Time) celebrates at Hockenheimring, Hockenheim, Germany. Saturday 19 July 2014. (Photo: Sam Bloxham/GP2 Series Media Service.)
Mitch Evans (NZL, Russian Time) at Hockenheimring, Hockenheim, Germany. Friday 18 July 2014. (Photo: Sam Bloxham/GP2 Series Media Service.)
Mitch Evans (NZL) RT Russian Time and Jolyon Palmer (GBR) DAMS
Mitch Evans (NZL) RT Russian Time and Jolyon Palmer (GBR) DAMS
Mitch Evans (NZL) RT Russian Time and Jolyon Palmer (GBR) DAMS
Mitch Evans (NZL) RT Russian Time
Mitch Evans (NZL) RT Russian Time
Mitch Evans (NZL) RT Russian Time
Mitch Evans (NZL) RT Russian Time
Mitch Evans (NZL) RT Russian Time

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Jay - Unregistered

March 04, 2013 1:05 PM

From a purely British motorsport angle this is obviously very sad news for iSport in particular and open top racing in general -especially coming on the heels of the demise of Fomula Two and the near death experience faced by British F3. So,let's hope the new junior formula,Formula 4,is the success it seems set to be,because we badly need a lift. And when the financial climate improves let's hope iSport are pressing to get back where they belong.



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