LMP1 outfit CEFC TRSM Racing is set to miss tomorrow’s FIA World Endurance Championship season opener at Spa-Francorchamps, after the team missed payment deadlines to its chassis supplier Ginetta.
This news comes after the team sat out almost all of the three practice sessions over the past two days at Spa and completed just installation laps with its G60-LT-P1s.
Ginetta released a statement today, explaining that the team will not be releasing its pair of G60-LT-P1s to the Chinese-flagged team for the race. It reads:
“It is with great disappointment that we have to announce that Ginetta will not be releasing the two LMP1 cars that successfully ran at the FIA WEC Prologue at Paul Ricard earlier this month.
“Unfortunately, funds promised have not arrived from TRS (China) to CEFC TRSM Racing (UK). The required funds for Ginetta were due some time ago and whilst we understand that TRS (China) has been working with its sponsors to sort the issues, without payment, Ginetta cannot allow the cars to race. Ginetta remains committed to working with CEFC TRSM Racing (UK) on this program.
“We are aware that CEFC TRSM Racing has visited TRS many times in China and can also confirm that TRS have visited Ginetta three times recently, the last time to attend a Royal visit.
“We have been informed by TRS that the current situation is a short term cash flow problem and that the main funds are in place for payment before Le Mans.”
Lawrence Tomlinson, Ginetta’s chairman, said:
“We’ve got to a situation where a UK-based team with excellent ability, kit and personnel, plus a pair of the latest LMP1 cars with confirmed and fully paid up entries for the 2018/19 FIA WEC, including 2 entries at Le Mans in both 2018 and 2019, are unable to race simply due to funds not flowing.”
RACER understands that Tomlinson is at Spa, and has had meetings with senior ACO, FIA and WEC representatives. A statement is expected from them, on the status of the program in the FIA WEC and in particular at the Le Mans 24 Hours, in due course.
Ginetta’s statement makes it very clear that the intention is to ensure that the cars will make Le Mans, however, and that it is still keen to work with CEFC TRSM going forward.