AUTOSPORT has broken a story indicating that the currently defunct A1GP championship could indeed be resurrected.
After an embarrassing collapse in 2009 with Tony Texeira at the helm, it is believed that “a leading figure” from the series has secured backing from a group of investors that could see the series be given a second life in 2011.
The current debts of the series are rumoured to be in the $200M mark, with the Ferrari-powered cars used in season four, in addition to the intellectual property and approximately a dozen of the Lola chassis’ used in the first three seasons are held under lock and key by the series’ administrators who liquidated the company.
It is understood that Texeira – a man described to us by 1980 F1 champion and Team Australia’s seat-holder Alan Jones as heading an organisation “run by people who had no idea [about motorsport] … the very first race that [he] had ever been to was an A1GP race” – is not involved as part of the rescue package.
Which might actually give this series a chance!
Should the series be able to get going again, it is understood that about ten of the eighteen countries involved in the final season would return, but that none of the original franchise holders would be involved.
It is also believed that the series would be run on a GP2-style model, where the teams are responsible for securing their own funding – rather than being bankrolled by A1GP – and that the series would supply the chassis and spare parts only.
A 2011/12 championship calendar of ten events (it is believed that four would occur in 2011) would see many of the original circuits being revisited.
[Original image via F1 Fanatic]