Postby JoKeR1980 » June 3rd, 2009, 5:25 pm
Epsilon Euskadi the latest to confirm 2010 entry
Wednesday 3rd June 2009
Spanish outfit Epsilon Euskadi are the latest team to confirm they have submitted an entry for the 2010 Formula One Championship.
The entry deadline for next year expired on May 29 and all 10 existing F1 outfits have signed up for 2010. Lola, Prodrive, Team USF1, Campos Racing and Superfund are the other outfits who have confirmed they have entered teams.
Epsilon boss Joan Villadelprat told Autosport that they kept silent until now as they wanted to sort out their finances first before going public.
"We can confirm it now," he said in an interview. "Our entry was submitted last week. We lodged it on Wednesday and received confirmation by the FIA on Thursday. I was being discreet and didn't want to talk too much because I was finalising the financial part.
"Now we can say we have a budget ready for the four next years. The difference between ourselves and other people is that, first, we have a project that's different from everybody else's, with a social output, which is what Max Mosley is looking for. We have the mechanics' school, the engineers' school, the lower categories, from karting, Formula Renault 2.0 and the World Series.
"We have the infrastructure, with an investment of €65 million, something that not everybody has. We have a wind tunnel, autoclaves, etc. And right now I can say that, if we are chosen, we have the budget secured for the next four years."
Villadelprat also revealed that they are not too concerned that the proposed budget cap for next season could change.
"At this point it doesn't matter to us," he said. "What I've done is do the maths, and I don't think I got it wrong because I have been doing it for many years, to see what we need to do things right. And we have the budget secured to do things right.
"We submitted our entry with the budget cap in mind, but we are waiting for the FIA to decide what the final rules will be. As of today, we are under the budget cap, but the budget cap is a bit misleading, because it's £45 million plus drivers, plus marketing and a series of things. The budget I think is needed is around 70-75 million."