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Formula One
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CART
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IRL
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NHRA
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| Tuesday, January 30 |
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| Stoddart buys Formula One team Reuters | |||
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LONDON -- Australian businessman Paul
Stoddart has bought Minardi for an undisclosed figure, the
Italian Formula One team announced on Tuesday.
Stoddart, a Grand Prix fan with a collection of old racing
cars, runs the European Aviation Group and also a Formula 3000
team.
"With immediate effect, Minardi's Faenza operation will be
'dovetailed' with European's extensively equipped Formula One
manufacturing facility in Ledbury, England," the Minardi
statement said.
"The intention is to operate the Italian and UK facilities
in tandem and not to relocate the team to England."
Stoddart had been expected to buy the team last week,
describing himself as their last chance to race this season, but
the deal was delayed.
Minardi said this season's car would be powered by a
European V10 engine, an updated version of the Ford-based
Fondmetal used by them last year.
The team has yet to name its drivers for 2001. | |
ALSO SEE New Minardi owner promises driver surprise Factfile on Minardi team Minardi: No sale news this week | |
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