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Monaco-based firm reiterates interest in F1 team entry
The renamed Monaco F1 Racing Team Project has reiterated its interest in entering Formula 1 in the future and hopes the $200m entry fee for new squads can be waived. In October 2019 Monaco Increase Management, a firm led by businessman Salvatore Gandolfo, revealed its ambitions to enter Formula 1 in 2021 in conjunction with junior squad Campos Racing. It outlined that it had held meetings with Formula 1 chiefs Ross Brawn and then CEO Chase Carey and had hired Peter McCool and Ben Wood as Technical Director and Chief Aerodynamicist respectively. MIM also manages several drivers in motorsport, most notably Porsche Formula E racer Pascal Wehrlein, who previously competed for Manor and Sauber...
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3y ago from MotorsportWeek.com
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