Genii to axe Gravity Sport Management programme?

F1 hopefuls Jerome d'Ambrosio and Ho-Pin Tung face an unlikely future after it emerged that Genii Capital may axe its career management company, Gravity Sport Management.

According to reports by grandprix.com the programme is under threat following Genii Capital's decision to acquire a major stake in the Renault F1 team, something that was confirmed last month just before Christmas.

Renault's new team principal, Eric Bouiller has admitted that it is unlikely a driver from Gravity Sport will get the nod to link-up with Robert Kubica in F1 2010.

"It will be even more difficult for a driver from Gravity to get the seat alongside Kubica, as they would really have to prove their worth to be chosen," Bouiller told the site.

Gravity Sport Management has a number of candidates on its books, including in addition to d'Ambrosio and Tung, Christian Vietoris, Adrien Tambay, Marco Wittman, Kim Pla and Christian Mengesdorf. GSM has apparently been investing around 5-7 million Euros a year in them, support that could now stop with immediate effect.

Last month following the tie-up with Renault, Genii Capital said that it would 'explore opportunities for synergies between companies in its investment portfolio and the Renault F1 Team', citing Gravity Sport Management as one example. Whether that will actually happen now with Gravity Sport Management remains to be seen.