A1 Grand Prix
A1 Grand Prix Operations Ltd. operated as A1 Grand Prix was a "single-make" open-wheel auto racing series that ran from 2005 until 2009. It was unique in its field in that competitors solely represented their nation as opposed to themselves or a team, the usual format in most formula racing series. As such, it was often promoted as the "World Cup of Motorsport". The series was ratified by the Fédération Internationale de l'Automobile, and races were held in the traditional Formula One off-season, the northern hemisphere winter. The nation-based A1GP concept was founded by Sheikh Maktoum Hasher Maktoum Al Maktoum of Dubai, initially in 2003. After a successful first season of A1GP, it was announced on 29 September 2006 that Maktoum was to sell his position as chairman and director of A1GP. The transfer of his share in the organisation of A1 Grand Prix to RAB Capital was finalized in December 2006. Tony Teixeira took control of the series in 2006, and the series later liquidated after failing to host any races during the 2009–10 season.
History
The nation-based A1GP concept was founded by Sheikh Maktoum Hasher Maktoum Al Maktoum of Dubai, initially in 2003. Once the series had received the backing of the FIA, a management structure including new executive directors Brian Menell and Tony Teixeira were appointed to oversee the sale of franchises for the operation of international teams. Thirty franchises were made available; twenty-three of them were restricted to specified nations, while the other seven were opened to tender for nations that had not been initially targeted.First season
Twenty-five of the franchises were purchased in time for the 2005–06 A1 Grand Prix season, which began on 25 September 2005 with the A1 Grand Prix of Nations Great Britain at the Brands Hatch circuit in Kent, United Kingdom. The first season was planned for 12 rounds ; however the cancellation of a race scheduled for Curitiba, Brazil in January 2006 reduced this number to 11. Nelson Piquet Jr. won the inaugural race of the series for A1 Team Brazil. Their winning form was not to continue. Wins at Estoril and Malaysia saw A1 Team France build up a sizeable gap. By the start of the winter break, France had run away with the lead with A1 Team Switzerland 28 points behind. At the final race of the season in Shanghai, A1 Team France were crowned the first-ever A1 Grand Prix world champions with 172 points. Switzerland were second with 121 points and A1 Team Great Britain third with 97 points.Katherine Legge was the first woman to drive A1 Grand Prix cars during test session in December 2005 on Dubai Autodrome.
Second season
Changes were made for the 2006–07 season to race durations and distances to improve the spectacle for attendees and TV viewers. The 2006–07 schedule was released on 7 July 2006, with the first race at Circuit Park Zandvoort on 1 October 2006, and the last race at Brands Hatch on 29 April 2007. New teams Team Singapore and Team Greece joined the competition but Team Turkey failed to secure funding for the season. Team Austria, Team Japan, Team Portugal and Team Russia did not return for the second season. However, after securing funding Team Portugal competed in the final four rounds of the second season in South Africa, Mexico, China and Britain. Team Germany won the series with 128 points, 35 points lead ahead of Team New Zealand.On 29 September, Sheikh Maktoum announced he was resigning his position as chairman and chief executive of the series, seeking to have his place taken by increased shareholder interests:
Maktoum announced his intended resignation in September and his exit from the organisation was confirmed in December.
Third season
The 2007–08 season was the final season that used the Lola-Zytek A1GP car, with rule changes including two mandatory pit-stops in the Feature Race and an introduction of E30 biofuel as the cars' fuel. Team Switzerland was the winning team with Neel Jani behind the wheel.Fourth season
In what proved to be the series' final season, the 2008–09 season was the only season in which the "Powered by Ferrari" A1GP car was used. According to 2007–08 champion Neel Jani, 90% of teams in the paddock warned Teixeira ahead of time that this car change was untimely and an inefficient use of funds. Rule changes included shorter qualifying sessions, a pit-stop during the now longer Sprint Race, removal of limits on Friday test drivers, and reduced Sprint Race points scoring. Throughout the season, three rounds were cancelled for various reasons, and a proposed race in Brazil fell through. Team Ireland won the series with Ulsterman Adam Carroll.Fifth season (cancelled)
The opening round of the season, scheduled as part of the already well established Nikon SuperGP race meeting, was cancelled five days before practice was due to begin. With cars and series infrastructure still tied up in London and no comment forthcoming from A1GP, organisers in Australia were forced to announce the series would not appear at what had been a high-profile addition to the A1 Grand Prix calendar. The event was underwritten by the Queensland state government, who mentioned the possibility of taking legal recourse against A1 Grand Prix.The series was thrown into further doubt as more races were cancelled, with an announcement made on 5 November 2009 stating that the races in China and Malaysia would not be taking place. The last race that was to be held in the season, the Dutch round, was switched for Superleague Formula. This put an end to the hopes the season would start and also put the future of the series in doubt.
Series collapse and liquidation
Chairman Tony Teixeira announced in October 2007 that Italian manufacturer Ferrari would design and build the engines for six years, and that Ferrari would consult in the design and manufacture of the car.The Ferrari involvement was intended to ease some of the concerns regarding A1GP's ongoing financial viability, the continued input of existing backers, and the platform's ability to attract sponsors. CEO Pete da Silva reported a loss for the initial season, and yet RAB Capital paid $200 million to the exiting Dubai founder for his 80% stake. Before the 2008–09 "Powered by Ferrari" season was to begin, Bloomberg reported that RAB Capital announced that the A1GP investment had been written down for a third time. A1 Team Australia boss Alan Jones later suggested that "it is common knowledge that Mr Teixeira bought RAB Capital out from A1GP" before the current season, yet A1GP prominently displayed RAB Capital branding until A1GP discontinued racing operations in 2009.
Following doubts that the fifth season would go ahead due to financial constraints and reports that engine suppliers Ferrari would pull out over non-payments, Teixeira announced that the series had secured its long-term future, following a financial restructuring. As part of the restructuring, administration had been applied for the previously liquidated A1 Grand Prix Operations Ltd.
A dispute over the ownership of the series' cars was heard on 18 January 2010 at the High Court of Justice in London, with a judicial decision on 21 January 2010 ruling that the Administrator, Tim Bramston, had won the case with A1 Holdings. The assets were awarded to A1 Grand Prix Operations, and therefore Bramston became their administrator. Bramston said he was trying to secure the best price in liquidation and would not rule out a sale to an entity controlled by Teixeira.
RAB Capital's Special Situations fund missed out on the market recovery of 2009 and its shareholders forced manager RAB to allow the entire fund to be put up for sale through a Dutch auction.
While the A1GP liquidators were apparently selling all intellectual property rights along with cars, it is unclear if a buyer was also expected to assume franchise agreements and financial obligations, or if the series and its necessary operating entities could be bought free and clear of any and all claims by Teixeira, Lyndhurst, and RAB. The liquidators appointed GoIndustry DoveBid to handle the sale of the assets, and the liquidators are seeking £10 million for the assets.
If a revival plan for the series could not be agreed with interested investment parties then the A1 Grand Prix assets were to be put up for auction.
Rumoured revivals
On 5 July 2010 Autosport magazine published in its "rumours & speculation" blog that the series, in one form or another, was to be revived for a new 2011–12 season, citing an unidentified source who claims backing from a group of new investors. The season would constitute 18 countries making up the grid and ten race weekends, spread out either side of Christmas 2011, visiting many of the series' previous venues. The series would also run under a new model, similar to the GP2 Series whereby teams are responsible for finding their own funding.In 2011 rumours surfaced of A1GP's potential return with a new name. The series was to be called the A10 World Series, keeping the A1 from A1GP to signify the continuation of the idea. The series was billed as a Global single seater series with 600BHP V10 engines. A source told Autosport magazine that the A10 World Series would use A1GP's idea of pitting countries against each other. However, the holding company for the series was formally dissolved in early 2012.
In 2014 ISRA took 2005–08 A1 Grand Prix racing cars and created a single-seater competition named Formula Acceleration 1, which was part of Acceleration 2014.
In May 2015 AFRIX Motorsport of South Africa announced that they had purchased the remaining 21 'Powered by Ferrari' A1GP cars – together with their engines and spares, but less engine management electronics and steering wheels – from Delivered on Time, a freight company that had been granted a lien on the vehicles in lieu of unpaid bills. AFRIX stated that the cars were to form the basis for a one-make series to be run in South Africa during the southern hemisphere summer.
Announced in May 2023, A1GP was planned to make a return with a 100 million dollar funding.