Sponsor Petrobras pulls out of F3000
|Monday, September 23rd 2002, 16:54 GMT|
Formula 3000 team sponsor Petrobras, which gives its name to the Den Bla Avis outfit, has announced that it is pulling out of the category.
The Brazilian oil giant has cited economic reasons for the move. The country's government has introduced new taxation laws on overseas sponsorship programmes and these have made it too expensive for Petrobras to continue, according to a team statement.
Den Bla Avis, sister outfit to Super Nova, became known as Petrobras Junior in 1999 and was designed as a stable for rising Brazilian driving talent. Bruno Junquiera won the championship for the outfit in 2000, then graduated to the Chip Ganassi Racing Champ Car team.
Now the team will not be restricted on nationality in its choice of drivers.
"This marks the beginning of a new chapter for the team, which will continue to compete in the FIA International F3000 Championship," the statement read. "Indeed, this allows us access to the open market for drivers and discussions with drivers and sponsors are ongoing. Any drivers interested in undertaking any of the winter tests should contact the team as soon as possible."
Petrobras is also a sponsor of the Williams Formula 1 team and is expected to continue in this role.