MIM Group working at all-Spanish team with Wehrlein and Palou set to drive in 2021
From the first meeting with Chase Carey at the Spanish F1 Grand Prix in Barcelona on May 11th, and through the following meetings at F1 Group Headquarters in London with Ross Brawn on May 15th,and July 31st, it was clear that a Spanish team would fill a void left by the retirement of Fernando Alonso, and increase the interest of the Spanish fans and the TV and Media audience. Further, the support of the Spanish Federation, the availability of the Campos Racing Facility, as well as the know-how of the Campos Racing Team, already competing and winning in Formula 2 and Formula 3, make Spain the perfect home for a new Formula 1 Team.
It all began with Salvatore Gandolfo and Adrian Campos. The initiators, who can count on the financial support of a group around the Monaco Increase Management SARL (MIM) company, started the new F1 Project by hiring Peter McCool (with his Company “Shape” www.shape-group-com) as Technical Director and Ben Wood (with his company “Dinamique” www.aero-dynamique.com) as Chief Aerodynamicist. Both McCool and Wood, were previous members of Formula 1 World Champion Teams and have extensive experience in their respective fields.
At the end of July, 2019, a team of professional engineers with F1 backgrounds started to work on a preliminary study for the new F1 entry project, which will be completed as soon as the new regulations are published at the end of October. The team is now at an advanced stage of negotiations with current Formula 1 Teams and engine manufacturers to ensure the best possible partnership for a competitive Spanish Formula 1 Team from 2021 and onwards.
Furthermore, there are two potential drivers for the 2021 season, Pascal Wehrlein and Alex Palou, who are currently under contract with MIM. Wehrlein, the youngest winner of the prestigious DTM Championship, is currently competing in the Formula E World Championship with Mahindra and has a role as Development Driver for Scuderia Ferrari. In addition, he already has gained experience by competing in two Formula One seasons. Young Spanish talent Palou is currently ranking third in the SuperFormula Series in Japan and just four points behind the series leader, with one race win in Fuji and two pole positions to his credit. Another long-term candidate with MIM is young Spanish karting superstar David Vidales, who has finished in the top 3 in the World Championship events in 2016, 2017 and 2018, and as runner-up in 2019.
“Joining the Formula 1 World Championship in 2021 shall be a long-term project. We are aware of the big challenges ahead of us, but we have a team of experts working day and night and the financial solidity required by the FIA to make this project a success”, says Salvatore Gandolfo. He then added: “With the new budget cap, the new distribution of incomes and the new technical and sporting regulations, there is a great opportunity for smaller teams to compete and ultimately to make the FIA Formula 1 World Championship more interesting and balanced again”. Gandolfo also confirmed Campos F2 and F3 will continue to operate as the Junior Team to bring talented drivers into F1.