Tiago Monteiro confirms the acquisition of GP2 team

Tiago Monteiro confirms the acquisition of GP2 team

28 November 2008 – The acquisition of the BCN team currently competing in the GP2 series by a project driven by former F1 racer Tiago Monteiro, was finalized this week and from now on the team becomes the first 100% Portuguese team to compete at this level of Motoracing.

To conclude a project of this scale, the racing driver is joined by a business man who has vast experience in the motor sport industry, Jose Manuel Guedes who, for more than ten years together with Edmar Monteiro, has been responsible for the career management of Tiago Monteiro.

For Tiago, who has already contested many challenges behind the wheel, moving across to the other side of the garage to become a team principal is a new adventure indeed. "This is a step I have always wanted to make in my professional career but I would have never imagined taking it this early. We had the opportunity and we worked on the financial aspect of the project, then we started negotiations. The management of a race team is fascinating because not only do you need to have a good knowledge of what can happen on track but you also need to have some skills in the business. The GP2 Series is the ideal platform because it is very close to Formula 1. Its popularity and competitiveness is on the rise. After careful consideration we think this project could be a springboard that is perfectly adapted to our ambition of promoting Portuguese motorsport beyond its frontiers," Tiago said.

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