GP2 insider prediction: When & which GP2 teams will run out of money in ’09
May 4, 2009 7 Comments
Based on the earlier calculations of team incomes according to the drivers they had been able to sign, I have made a chart to illustrate at what point of the 2009 season will GP2 teams run out of cash. To better explain I have made a couple of assumptions:
1- that the necessary budget for break-even is €1.8 million – spent linearly at €180k per race by every team
2- the 3 empty seats (as of April 24 – 2 at Trident and 1 at DPR) are filled by paid drivers with budgets of €500k
Having said this, and according to this estimate, the first team to fall will do so at the Budapest Hungarian GP at the end of July, with up to 7 teams in default by the season ender at Portimao in late September. The team names behind the figures seen at the chart on the right:
- Budapest: Trident
- Valencia: Trident + DPR
- Spa: Trident + DPR + Durango
- Monza: Trident + DPR + Durango + Ocean + FMSI + DAMS
- Portimao: Trident + DPR + Durango + Ocean + FMSI + DAMS + Super Nova
This is a prediction NOT taking into account the losses dragged along from GP2 Asia. As mentioned in previous posts, this calculation is very hard to make due to the “subsidizing” effect of GP2 and GP2 Asia. If we could take this into account, the number of teams in the red could pop up much earlier in the season.
The teams in worst shape: Trident, DPR and Durango by far. In a couple of days we will be able to see what Trident, with no drivers signed yet, will show up with at Montmelo. Their only hope to survive: sign Angolan-backed Teixeira to cover at least the operating expenses of the first couple of races.