A1gp Series Opener Cancelled

Media reports have revealed that financial problems have triggered the cancellation of this season’s A1GP motor-racing series opener in Surfer’s Paradise, Australia.

The funding problems have allegedly trickled down from the liquidation of one of A1GP’s UK-based business arms.

Although the news is a hard hit for the series, A1GP chairman Tony Teixeira has claimed the cancellation does not signal the end.

‘A1GP may be down, but I do not accept we are out,’ he said. ‘We have had four exciting seasons that have proved we are a force in the sport and now we shall consolidate on what we have achieved to date. My efforts will be on finding a way forward with the support of some very loyal people.’

It was also reported that A1GP will refund the Australian race organiser’s fee, and also donate funds to a charity of its choice.

The next scheduled race is in China in November.