The GP2 series has announced that the current 13 entrants will contest the series for the next five years. (2008-12) Left out of the announcement was the purchasing of GP2 by CVC Capital Partners,Which currently owns Formula 1. This takeover solidifies the formal linking between GP2 and F1.
Although GP2 was originally designed as a cost savings series, it’s rumoured that the series is twice as expensive as F3000, the series it replaced.
And with A1 GP’s new link between Ferrari, its unknown if the GP2 Asia series will now be needed? As speculation suggests the series is having a hard time finding potential teams due to the projected high costs of competing in GP2 Asia.
Although the series is scheduled to debut in 2008 with Emperor Bernardo’s Super Car series, as well as being a support series for two upcoming Grand Prix’s. Will this simply become part of an extended GP2 season while going head to head with the upcoming A2 GP series?