Ray GR17 Photo copyright Laura Manning/Steve Cross
Proposal by John Nichols winner of Autosport London Grand Prix Competition
Fund of 1.000.000 euros invested in stock market shares with a high yielding dividend via a tax efficient company. Ideally if and when the Foundation is wound up the capital can be returned free of tax to the person(s) that formed this charity. The dividends would be used as a yearly prize fund.
Fund of 1.000.000 euros invested in stock market shares with a high yielding dividend via a tax efficient company. Ideally if and when the Foundation is wound up the capital can be returned free of tax to the person(s) that formed this charity. The dividends would be used as a yearly prize fund.
If it is
a company then the Championship can be named after that company with decals on
the FF1600 entrants
Other
prizes - Entry to both the Formula Ford Festival (Brands Hatch October) and the
Walter Hayes Trophy (Silverstone November) + ferry crossing and fuel allowance
for the next top 5 finishers./ Pre 1999 chassis FF1600 first prize 2 sets of
FF1600 tyres
If sufficient funds available cash prizes to other entrants
These
Formula FF1600´s would have to bear a decal #FFA @itcracing* - RACING FOR SPAIN
(Spanish License holders) or RACING FOR PORTUGAL (Portuguese License holders) *
if itc racing funds the whole foundation
If JohnNichols organizes this all his expenses will be paid. If Terry Bates is
involved he will be paid a fee and all expenses - A FF1600 will be taken to all
the races qualifying for this Championship to show the entrants what they can
win. These costs will be covered by the Foundation. The Foundation will appoint
persons to run the foundation for which they will receive an agreed
remuneration. http://www.asociaciones.org/guia-de-gestion/fundaciones
alternatively Spanish International Investment Companies (ETVE)
https://delcantochambers.com/spanish-property-holding-companies/
Ideally
all cars will be equipped with cameras GoProHero8 and live-streaming will be
broadcast on Facebook and Youtube, possibly Television Antena 3 Mediasat or.... - Requirement a grid of
10 FF1600 + cars
18 races
on 6 circuits (one at Portimao* with agreement by organzier of Single Seater
series) the best 15 being used to deterime the Championship.
*Alternatively Circuito Málaga (if built) organized as a European FF1600 Festival
If a
company/companies wish to participate they could transfer shares to the project
(which could possibly be returned to them after 5/10 years if legally possible)
In this case the Championship would bear their name and their decals would be
displayed by all Entrants. i.e REPSOL
Campeonato Andaluz de Fórmula Ford 1600. an indivual motorsport philanthropist could also participate with the proposed championship bearing his name. NOTE A SPANISH BANK IN PRINCIPLE HAS AGREED TO PROVIDE LOANS OR LEASING ON NEW FF1600 CARS TO QUALIFIED INDIVIDUALS OR ENTITIES (Contact details will be given to bonafide entities)
We have discussed this proposal with organizer
Racing Motor 26 contact Adrian Osuna 00 34 634169 / 686290844
To keep costs to a minimum Adrian Osuna has suggested that only Spanish; Portuguese and Foreign drivers with residence in Spain can enter; to have it open to other drivers would double the entry cost. The object is to allow young Iberian Talent to reach Formula 1 like Marc Gené and Pedro Martines de la Rosa have done in the past thanks to their talent and having raced in FF1600 here in Spain.
It would be a good idea if the Andalucian Tourist Board could arrange for the nearest town to each circuit to offer a prize to the top 3 of each race a weeks holiday in a 4 or 5 Star Hotel and a 10% discount to all other entrants
prizes paid in Spanish 1993 Formula Ford 1600 Championship (includes 180 euros start money for 20 entrants at each race)
1st - 2.000
2nd - 1.450
3rd - 1.140
4th - 930
5th - 810
6th - 750
7th - 660
8th - 600
9th -510
10th - 420
11th - 360
12th - 300
13th - 270
14th - 270
15th - 270
16th - 240
17th - 240
18th - 240
19th - 240
20th - 240
Note
an alternative to start money would be to pay teams/drivers transport fuel to
and from circuit (via vouchers) and to provide teams/drivers with fuel and oil
at the circuit
Swift Cooper
Copyright Bourne Photographic
Note The Foundation Proposal could also be used in other countries to promote FF1600 in the US via a non profit company maybe - details Establish a NonProfit at CorpNet® - Get Started for as Low as $79 Today!
John Nichols at Estoril 1995 Portuguese FF1800/1600 Championship - 12th overall 1st Formula Ford 1600 (itc racing Reynard FF89/90 Auriga)
Tags - Andalucia Antena 3 Avon Rubber BP Facebook Formula Ford 1600 Galp GoProHero8 Live Streaming Mediasat Group S.A Motorsport philanthropist Repsol Spain Toyo Tyres www.andalucia.org Youtube
Location: Andalusia, Spain
Contact John Nichols j.nichols.itc@gmail.com 34 952110304 itc racing El Brosque 29312 Vva del Rosario Málaga Spain or Bernardo Meyer Varona Racing bernardo meyerb16@yahoo.com
Via Facebook https://www.facebook.com/itcracing & https://www.facebook.com/formulafordandalucia
Ps Drivex owner Miguel Angel de
Castro has expressed an interest to enter this Championship and we will invite
all Spanish F4 teams to enter a “junior team” to participate. This could also be considered; the 10 young drivers for the new FF1600's could have a short course with Danmor Racing at Ascari where the instructors are friends of mine Roger and Lars; Roger and I racing for several years in the Spanish Formula Ford 1600 Championships (1986-1993)
contact
lars@danmorracing.com
roger@danmorracing.com
John Nichols Google Maps https://rb.gy/h9gx2d
ideas
ReplyDelete1 - 10 new Formula Ford Chassis available for lease
2 - Engines (new or second hand) to be purchased by the teams/drivers
3 - If chassis leased they must be insured by the team/driver
4 - Ideally Preparation; transport and attendance at the circuit available to teams & drivers
5 - Ideally an Energy Company supplies the fuel to and from the circuit(s) together with the fuel and oil for racing
6 - A youtube channel for the live streaming and coverage of teams and drivers
Alternative initially starting in 2 European countries namely France and Spain offering prizes of:1st new rolling chassis (2) 2nd new BOLD prepared engine (2) 3rd Three of four sets of tyres (2). A Federation or circuit would have to organize the Championship of 7 or 8 race meetings with 2 races at each. A private individual might like to donate a second hand FF1600 to the winner (under 18) of a Kart Championship in each country under the condition that the donor´s name is displayed on the FF1600 for 5 years.
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