F1-backed Formula Kart Stars has gone into administration
The second round of FKS was cancelled last week, drivers were notified but there was no public statement beyond Glan-Y-Gors advertising the date as last minute testing. Kartlink contacted the FKS office but there was no response.
There had been problems with engines at the first round at Buckmore and in the email to competitors FKS accused one of their contractors of causing the difficulties. They said that solutions had been developed but they hadn’t had “sufficient time to implement all of these solutions and regretfully feel we have no alternative but to cancel the GYG meeting”.
The email was however optimistic in tone and talked about the next round at Silverstone as well as moving into new premises in Bicester with its ow circuit that was to host rounds 13 and 14.
Today the amount of chatter on the internet increased when the FKS website and social media accounts were taken down and this evening series commentator Henry Beaudette confirmed on Facebook that the company was going into administration and that Formula One Management (FOM) had pulled the plug. He said that all concerned, including drivers and suppliers, were likely to lose money.
The series had been a fixture of the UK karting scene for many years but after a hiatus it was relaunched last year using one-make chassis and engines. As everything was supplied by FKS there was quite a high upfront cost. FOM endorsed the series and much was made of the opportunity to be noticed by those at the top end of motorsport. However entry numbers never reached significant levels and were said to total around 40 at Buckmore.
My opinion on the concept is that it was a fairly good idea, but very expensive to get off the ground and someone needed to be able to afford to lose money for a few years, which obviously wasn’t the case.
There are some unanswered questions:
- What’s happening with the Chinese franchise? Roland Geidel was involved in that and he’s usually a fairly smart cookie.
- Is Ross Martin’s F4 drive that he won paid up for the year?