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Prodrive will not applying 2011 Formula 1 entry

Prodrive has declared that it will not be applying for way in to next season’s F1 World Championship, as an alternative select by ballot to focus on a return to the World Rally scene. The group run by David Richards took the late Colin McRae to WRC title glory in the mid 1990s. Having missing in the fight to be approved by F1 governing body the FIA last year, with Campos (HRT), Manor (Virgin F1 Racing) and US F1 (obsolete) being received instead, Richards give details on Thursday that his company will now centre its labors gone from Formula 1.

Our current focus is on Prodrive’s return to the World Rally Championship for 2011 and that alone takes significant resources to design and develop a totally new car,” the previous Benetton and B.A.R Team Principal give explanation via a Thursday statement.Taking on the challenge of starting a brand new Formula 1 team – finding necessary funding and developing a car from scratch – is a massive undertaking and is not to be under estimated.

Richards added that, ‘as expected’, this year’s new teams have encountered a series of struggles – both financially and in terms of being ready to compete – and described the situation. Whilst I have enormous admiration for their efforts, I do not believe that this is an appropriate strategy for Prodrive or Aston Martin to adopt, he sustained.

I have for all time made it very clear that the timing for a Prodrive entry would be judged on two criteria: being competitive and it being a financially viable proposition; today, if we were to adopt the strategy of starting a new team, I don’t believe it would be possible to meet these two environment.

image source:Prodrive.com

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