Financial Crisis - first motorsport victims

[Ardius]

http://en.f1-live.com/f1/en/headlines/news/detail/090702095810.shtml

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 Tonio 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 cash flow problems and we haven't been able to pay them (the suppliers)," a spokesman confirmed.

And so it has begun. Formula 2 couldn't have come at a better time. Who will be next to go?
This rather puts down the ideas of FOTA to run their own F1 series, as it was assumed they would be using A1GP to help get their series off the ground (and at the same time help A1GP survive).

I'm interested to hear from Chris too about what he's going to do now?

 

[Clark]

I think there's already been alot of victims in motorsport . I was never really very optimist about Speedcar anyway if I'm honest.

 

[Ardius]

Well, the first Motorsport series to collapse because of it (from what I've heard anyway) at least

 

[Clark]

Well the first series yes. I wouldn't be surprised if Euroseries 3000 was next.