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Speedcar racing series collapses, A1GP could be next

Speedcar racing series collapses, A1GP could be next

Kenneth Hall July 3rd, 2009 Kenneth Hall By Kenneth Hall Author July 3rd, 2009
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December 31st, 1969 As the global economic recession bites, two prominent motor racing series are in dire straits. For the Middle East and Asia-based stock car series Speedcar, the end of the road has come. The official website is off the air amid reports the organisation has been closed down after just two seasons. Speedcar featured stock cars driven by mainly ex-F1 drivers, including Jacques Villeneuve, Jean Alesi, Johnny Herbert, Heinz-Harald Frentzen and Vitantonio Liuzzi. Meanwhile, it is reported that the future of the A1GP series is in serious doubt, following the collapse of the British arm of the organisation. A1 Grand Prix Operations Ltd ran the day-to-day administration of the championship but went into liquidation last Wednesday, the Telegraph newspaper said. "Like many other companies in today's difficult economic environment, we had cashflow problems and we haven't been able to pay them (the suppliers)," a spokesman confirmed.
In the wake of F1’s near collapse comes a new report that the A1GP could go under

In the wake of F1’s near collapse comes a new report that the A1GP could go under

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As the global economic recession bites, two prominent motor racing series are in dire straits. For the Middle East and Asia-based stock car series Speedcar, the end of the road has come. The official website is off the air amid reports the organisation has been closed down after just two seasons.

Speedcar featured stock cars driven by mainly ex-F1 drivers, including Jacques Villeneuve, Jean Alesi, Johnny Herbert, Heinz-Harald Frentzen and Vitantonio Liuzzi.

Meanwhile, it is reported that the future of the A1GP series is in serious doubt, following the collapse of the British arm of the organisation. A1 Grand Prix Operations Ltd ran the day-to-day administration of the championship but went into liquidation last Wednesday, the Telegraph newspaper said.

"Like many other companies in today's difficult economic environment, we had cashflow problems and we haven't been able to pay them (the suppliers)," a spokesman confirmed.

Tags: Motorsports

Posted in: News


Comments (1 total)

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  1. ma_Mike avatar by Mike #1, Posted: 7/3/2009

    I hadn't even heard of SpeedCar. Maybe that's part of the problem; racing series in these times need to be more global, with better advertising and promotion to stimulate interest.

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