Epic Racing reiterates independence from Epsilon Euskadi

Spanish Formula Renault 3.5 team Epic Racing has reiterated its independence from Joan Villadelprat's Epsilon Euskadi amid concern ahead of the 2012 Formula Renault 3.5 selection process

Epic Racing reiterates independence from Epsilon Euskadi

The decision in March by Epsilon Euskadi to withdraw from this year's Formula Renault 3.5 championship, as part of a restructuring, led to a management buy-out of the company's motorsport business sector by finance director Phil Payne and technical staff Claudio Corradini and Immanol Zubikarai.

Speaking to AUTOSPORT at last weekend's meeting at Paul Ricard, Payne explained his concerns regarding misinformation that surrounds Epic, which is running Sten Pentus and Albert Costa in this year's FR3.5 series.

"When we started this season nobody really knew what Epic was, who was behind it or what its intentions were," said Payne. "For various reasons we remained quiet, but with various things taking place in the last few weeks, we feel it's necessary to explain who and what Epic is."

Epic recently moved out of Epsilon Euskadi's Formula 1 standard factory in Vitoria-Gasteiz to "more humble" premises in the city.

"What [Claudio, Immanol and I] actually bought was the motorsport business sector from Epsilon. It was a 100 per cent buyout. Joan Villadelprat has nothing to do with Epic.

"The objective of Epic is what we are doing today. If we grow, we will grow in a natural and coordinated evolution process, we are not Epsilon in disguise. We are happy doing World Series we are not going to apply for a Formula 1 licence - yet!"

Chief among Payne's desires is to end speculation regarding the sale of the team, as Epsilon Euskadi works to revamp its project.

"Joan is looking for investors or partners. We're not here to bad-mouth Epsilon. We all worked with Joan, shared his dream and want them to be successful. We just want to defend Epic and we want to give an answer to all this bad information. Like any start- up company, the first year is often difficult.

"There were various agreements associated with the buy-out of the competition side of Epsilon that resulted in a very fair market price. There were basically three elements. There was a cash element, there was assuming the employee contracts and a period of support for the Epsilon project."

Epic has assisted in sourcing the funds for Formula Renault 2.0 Eurocup champion Costa to race in this year's championship.

Although the Spaniard's participation at the final round at Barcelona is in doubt, Epic feels the policy of supporting talent should help increase its chances of receiving one of next year's 13 team slots, which are expected to be oversubscribed.

"Our intention is to buy two new cars and we welcome the increased calendar, we want to be a big part of this championship. We are not going to disappear if we don't get a 3.5 licence, but it would be a terrible blow for us. It would be very difficult to swallow... but if it happens, it happens and we'll find an alternative.

"We would continue in FR2.0. We would like to think that we are showing that we are taking FR3.5 seriously and we think our results warrant that."

shares
comments
Alexander Rossi wins at Paul Ricard as Jean-Eric Vergne's podium sets up title showdown

Previous article

Alexander Rossi wins at Paul Ricard as Jean-Eric Vergne's podium sets up title showdown

Next article

Lewis Williamson deputises for Daniel Ricciardo at ISR for Formula Renault 3.5 finale

Lewis Williamson deputises for Daniel Ricciardo at ISR for Formula Renault 3.5 finale
Load comments
How the post-Renault 3.5 series is shaping up Plus

How the post-Renault 3.5 series is shaping up

When Renault ended its support of its 3.5 Formula, there were fears about the category's future. But as PETER MILLS explains, the rebadged FV8 3.5 series has retained an appeal to drivers

Formula V8 3.5
Feb 3, 2016
The all-time FR3.5 top 10 Plus

The all-time FR3.5 top 10

An era ended in 2015 as Renault withdrew its backing of Formula Renault 3.5. GLENN FREEMAN and PETER MILLS pick the 10 best drivers from the World Series by Renault years

Formula V8 3.5
Jan 8, 2016
The top 10 FR3.5 drivers of 2015 Plus

The top 10 FR3.5 drivers of 2015

The 2015 Formula Renault 3.5 season will be notable for being the last with the French company's backing but also produced a worthy champion in Oliver Rowland. PETER MILLS evaluates this year's crop of drivers

Formula V8 3.5
Nov 17, 2015
Renault's ladder to Formula 1 Plus

Renault's ladder to Formula 1

Since 2005 the World Series by Renault package has launched a host of young stars on the path to Formula 1. But there's much more to the events, both on and off the track

Formula V8 3.5
Aug 13, 2015
The top 10 FR3.5 drivers of 2014 Plus

The top 10 FR3.5 drivers of 2014

The field was perhaps not as strong as in the previous season, but Carlos Sainz Jr emerged as a worthy Formula Renault 3.5 champion. GLENN FREEMAN rates the top 2014 drivers

Formula V8 3.5
Nov 11, 2014
The top 10 FR3.5 drivers of 2013 Plus

The top 10 FR3.5 drivers of 2013

There were some standout performances in the Formula Renault 3.5 title race this year, but one racer stood above all the others. GLENN FREEMAN looks back and picks out his top 10 drivers

Formula V8 3.5
Nov 15, 2013
The 2013 Formula Renault 3.5 grid guide Plus

The 2013 Formula Renault 3.5 grid guide

Last year's field was extraordinary and hard to match, but the Formula Renault 3.5 grid will still have plenty of talent this season. Glenn Freeman runs through the field ahead of this weekend's season opener

Formula V8 3.5
Apr 4, 2013
Vandoorne: future McLaren F1 star? Plus

Vandoorne: future McLaren F1 star?

Landing the Fortec seat that took rising star Robin Frijns to the 2012 FR3.5 title was already a good sign for Stoffel Vandoorne. Then McLaren took him under its wing. Peter Mills tells Vandoorne's story so far

Formula V8 3.5
Feb 20, 2013