Breaking news
Formula E
Formula E takes control of Audi team licence sale
Formula E Operations has taken control of the sale of the Audi team licence after the deadline to agree a buyout past, despite interested parties holding talks with the manufacturer.
Matt Kew
Published: Mar 1, 2021, 9:57 AM
Copy link
Share on Viber
During pre-season testing in Valencia, Audi went public with its decision to quit the championship at the end of the current 2021 campaign.
Read Also:
- FE's future "bright" despite Audi, BMW exits - Gunther
- Formula E: Audi, BMW exits could lower barrier to entry
- Why BMW and Audi have pulled the plug on Formula E
As a franchise holder, it had the option to sell its entry but will now no longer earn money from its departure after failing to close talks in time.
Various parties came forward but a formal contract could not be finalised in time.
An Audi statement read: "As planned, this season will mark the end of the successful involvement with our factory team Audi Sport ABT Schaeffler and the licence will revert to the FEO at the end of the season as agreed in the regulations.
"There were talks with various interested parties, but for various reasons no contract could be closed."
Team principal Allan McNish told Motorsport.com: "There are some natural deadlines. You have technical deadlines and some contractual ones as well.
"We had a lot of discussions in December when it was clear we were stepping out.
"We tried very hard to make sure the entity, the team, lived on beyond, but unfortunately we couldn't achieve it in the time scale.
Audi took full control of the ABT Schaeffler entry ahead of the 2017-18 campaign, having provided technical support to the squad during the first three seasons.
Although unable to provide a public comment, ABT was one the interest buyers.
An Audi spokesperson confirmed to Motorsport.com that ABT would have permission to form a new partnership in FE with a non-Volkswagen Group partner.
Audi has developed its new powertrain for this season in-house for the first time during its FE tenure, a shift that had been two years in the making.
It will continue to supply this to customer squad Envision Virgin Racing for the rest of the Gen2 regulations, which conclude at the end of the next 2021-22 season.
Audi drivers Rene Rast and Lucas di Grassi are contracted to the manufacturer rather than specifically to the FE team, but they have different programme allocations.
Di Grassi wants to remain in FE and told Motorsport.com he has held talks with "two or three teams".
He said: "I'm free to do whatever I want. My priority is to stay in a competitive environment, that's clear.
"I'm already talking to two or three teams, they are very interested for me to work with my experience and for me to continue with them.
"Now I need to decide what is the best option, how can I do it, how can I see myself in the future."
"Season eight starts in sixth months with testing so I need to make a decision and move forward."
FE is yet to respond to Motorsport.com's request for a comment.
We want your opinion!
What would you like to see on Motorsport.com?
Take our 5 minute survey.
- The Motorsport.com Team
Read and post comments
Read also :
Share Or Save This Story
Copy link
Share on Viber
Previous article Bird outsmarted Frijns in energy management
Next article Dennis slams Wehrlein for "driving me into the wall"
Top Comments
There are no comments at the moment. Would you like to write one?
View More & Comment
More from
Matt Kew
Marko suggests Perez's improved F1 form because 2025 contract at stake
Formula 1
Formula 1
Japanese GP
Marko suggests Perez's improved F1 form because 2025 contract at stake
Russell explains how low-fuel runs expose Mercedes F1 inconsistency
Formula 1
Formula 1
Japanese GP
Russell explains how low-fuel runs expose Mercedes F1 inconsistency
Leclerc: No answer for "once in a season" Japan F1 qualifying struggle
Formula 1
Formula 1
Japanese GP
Leclerc: No answer for "once in a season" Japan F1 qualifying struggle
Latest news
Tom Cruise interested in racing ARCA car, per NASCAR CEO Steve O'Donnell
NASCAR Cup
NAS NASCAR Cup
Charlotte II
3 h
Tom Cruise interested in racing ARCA car, per NASCAR CEO Steve O'Donnell
Gibbs, Spire and Gabehart argue over contempt and injunction
NASCAR Cup
NAS NASCAR Cup
Charlotte II
6 h
Gibbs, Spire and Gabehart argue over contempt and injunction
William Byron to run Jeff Gordon throwback Axalta scheme at Phoenix
NASCAR Cup
NAS NASCAR Cup
Charlotte II
6 h
William Byron to run Jeff Gordon throwback Axalta scheme at Phoenix
Alexander Rossi takes over IR-28 testing as IndyCar pushes new chassis to the limit at Sebring
IndyCar
Indy IndyCar 7 h
Alexander Rossi takes over IR-28 testing as IndyCar pushes new chassis to the limit at Sebring
Feature
Discover prime content
Subscribe and access Motorsport.com with your ad-blocker.
From Formula 1 to MotoGP we report straight from the paddock because we love our sport, just like you. In order to keep delivering our expert journalism, our website uses advertising. Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker.
You have 2 options:
- Become a subscriber.
- Disable your adblocker.
Subscribe now Already subscribed? Sign in here
Already disabled your adblocker?
Reload page
Manage Alerts
Subscribe