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The defunct A1 Grand Prix (A1GP) series is set to be resurrected, as a Dutch company has purchased the rights to the championship. The ‘World Cup of Motorsport’ was formed in 2005 but went into liquidation during 2009.
The rights have been bought by World Race Management NV, GPUpdate.net can confirm on Friday. One of its investors will be Primrose, an investment firm also based in The Netherlands.
'On December 8th 2011 Primrose invested in a company that will start all preparations for opening next racing season with several new Formula 1 alike race series in Europe, US and Asia,' reads a statement on the Primrose website.
'Of course details will follow the next coming months. Primrose as major shareholder will also act quite entrepreneurial in the management of this company.'
The championship was formed by Sheikh Maktoum Hasher Maktoum Al Maktoum of Dubai, who confirmed in 2003 that it was to debut two years later. The first double-header was staged at Brands Hatch, won by Nelson Piquet Jr. for A1 Team Brazil. After the Sheikh sold his position as Series Chairman and Director to Tony Teixeira, the South African took control in 2006 and then wound the series down following financial troubles.
Uniquely, the season ran between calendar years, with France, Germany (with now F1 driver Nico Hülkenberg), Switzerland and Ireland winning the titles.
More information into plans for the A1GP return is expected over coming days.
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