Press Announcement 10th July 1997 TEAM LOTUS TO RETURN TO FORMULA 1 IN 1999 On the eve of the 30th anniversary of Jim Clark's unique record of winning the British Grand Prix for the fifth time driving for Team Lotus (15th July 1967, at ...
10th July 1997
TEAM LOTUS TO RETURN TO FORMULA 1 IN 1999
On the eve of the 30th anniversary of Jim Clark's unique record of winning the British Grand Prix for the fifth time driving for Team Lotus (15th July 1967, at Silverstone) and in order to put an end to recent speculation, Team Lotus is delighted to announce that it will re-enter the Formula 1 World Championship in the 1999 season.
David Hunt, Managing Director and brother of the late former World Champion, James, commented: "We are very happy to let Team Lotus' millions of fans around the world know that their patient loyalty will be rewarded - their ongoing encouragement has been inspirational. We have always maintained that we would not bring the great brandname back to Formula 1 unless there was a proper budget and a real probability of adding to Team Lotus' illustrious heritage. Everything is coming together positively and, together with our new partners, we will be making a more detailed announcement before too long. In the meantime all of us at Team Lotus are very excited that two and a half years of extraordinarily challenging effort will shortly result in a Team Lotus geared for the next millenium."
Team Lotus, founded by the late, great, technological innovator Colin Chapman, contested the Formula 1 World Championship from 1958 to 1994 winning seven constructors and six drivers World Championships.
Current World Champion Damon Hill's late father, Graham, won the World Championship with Team Lotus in 1968 after the death of the double World Champion Jim Clark in April of that year. Clark had won both his titles driving for Team Lotus.
Single seater racing in the USA was revolutionised when the Chapman/Clark partnership took Team Lotus to victory at Indianapolis in the mid-sixties using a small, nimble, rear engined design to defeat the larger, front-engined machines in their own back yard.
Team Lotus is also pleased to note that the Group Lotus road car company, entirely separately owned since being spun off from Team Lotus by Chapman in the sixties, is curently enjoying renewed success with the revolutionary Elise model and receiving the investment it deserves from its new Malaysian owners.