Monaco-based team ready to enter F1
Max Verstappen
Monaco-based team ready to enter F1
A Monaco-based prospective Formula 1 team is ready to proceed with an application to enter the world championship.
In 2019, an entity headed by the late Adrian Campos and his business partner Salvatore Gandolfo declared that they were working on a new F1 team project.
The foundation of the project is their driver management company called Monaco Increase Management, with former F1 driver Pascal Wehrlein among the driver roster.
In June of last year, Gandolfo said the project was still alive but delayed because of the covid crisis. Another hurdle was the way Liberty Media currently distributes official income to teams.