A1GP: AND NOW THE END IS NEAR ?

Just days after confirming October's Gold Coast street race as the opening round of the 2009-2010 season the future of A1GP is in doubt again after its British arm collapsed last Wednesday.   According to the British newspaper the Telegraph the British operation has been wound up leaving several suppliers unpaid and a staff of about 40 looking for new jobs. A spokesperson for the company A1 Grand Prix Operations Limited said: “Like many other companies in today's difficult economic environment, we had cashflow problems and we haven't been able to pay them (the suppliers).“ 2009 is the fourth year of the A1GP which was founded by Sheikh Maktoum Hasher Al Maktoum. He left the group as a part of a major financial restructuring which was to have included floating the company on the London Stock Exchange. Unattributed sources said that current A1GP CEO, South African businessman Tony Teixiera. had said that it was possible that current British workers could be reemployed through other arms of the organisation. The collapse of the British Operations division, who are responsible for the day to day running of the series is just the latest in a long line of financial concerns regarding the series. Just where this may leave the promoters of the “Nitro” Super GP is anybody's guess as the Queensland Government has previously said that it was not interested in supporting the event unless it had a substantial International component. V8 Supercar boss Tony Cochrane has suggested openly on several occasions that he believed the event would soon become a V8 Supercar only affair.