Thursday June 1st 1995 Simtek Grand Prix have today announced that due to financial constraints, they will not be attending the Canadian Grand Prix in Montreal in 10 days time. Team owner Nick Wirth said "Today is a very sad day for everyone...
Thursday June 1st 1995
Simtek Grand Prix have today announced that due to financial constraints, they will not be attending the Canadian Grand Prix in Montreal in 10 days time.
Team owner Nick Wirth said "Today is a very sad day for everyone who has been involved with Simtek Grand Prix.
Last Friday in Monaco I met with members of the international media and explained our current problems, which stem from the failure of a contracted backer to meet his obligations. During those discussions I was very open about our situation and I stated that if a package of support to replace the missing funds was not committed to the team this week, it would jeopardise our racing future.
Throughout the weekend in Monte Carlo we held endless meetings with our sponsors, partners and potential backers and whilst all have urged us to continue, the reality is that none have yet committed the necessary funding to enable us to do so.
In recent months the team has shown that it has great potential and much of this has been due to the work of our Dutch driver. Jos has come from a difficult first season at Benetton and shown absolute commitment to Simtek Grand Prix. Inevitably - with Jos driving - much of the focus of the team has been in Holland and many of the sponsorship discussions that have taken place recently have been with Dutch companies and individuals. Therefore, it is particularly disappointing that after endless meetings we have been unable to attract the anticipated backing from that country.
My partners Barbara Behlau and Konrad Schmidt, our sponsors and particularly our suppliers have show great support and commitment to the team throughout our short time in Formula One and it will be a tragedy if those considering committing to sponsorship do not make their decision in time."
Jos Verstappen said "I must say that I'm very upset that we cannot race in Canada. I enjoy driving the Simtek S951 and after my test yesterday in the Benetton which meant I could compare the cars, I am sure that the team is working in a good way technically. It is just such a shame that because of these sponsorship problems, we may not have the chance of fulfulling the potential of this combination."
Ends. -- Simtek News