Prodrive set for Kuwaiti cash boost

Mon, 3 March 2008, 07:15

Prodrive had to call off its 2008 F1 entry over the ‘customer car’ row, but David Richards’ British marque could now be set to enjoy a monetary boost.

According to documents filed by the specialist motor racing company, the Kuwaiti investment company IDC – which already part-owns Aston Martin with Richards – has the option of buying up to 40 per cent of Prodrive, the Independent newspaper said.

Prodrive’s accounts also show that while the outfit only spent less than $260,000 on its aborted F1 project (in 2006), it subsequently filed a substantial financial loss.

You may also like