New funding round for ‘Superleague Formula’
New investors in the championship include Spanish venture capital company Clave Mayor as well as additional private investors from the Asian region.
"The money raised is being spent on the production of the cars and execution of the operational plan for delivery of the championship will debut in August next year with an initial series of six races staged in Europe," said Superleague Formula CEO and president, Alex Andreu .
"We are now in the final phase of fund raising that will be closed by the end of November. Interest in the Superleague Formula concept has been extremely strong by investors, football clubs, motor racing teams, circuits, television networks and the media.
"The initial response from our recent club launches has shown outstanding enthusiasm for the concept from football fans."
Leading international football clubs AC Milan, PSV Eindhoven, FC Porto, Olympiacos, Borussia Dortmund, RSC Anderlecht and Flamengo have already licensed their brand to the Barcelona-based organizers. Planning is already underway to launch a further five clubs in the next two months.
The championship expects feature at least 20 leading clubs in the new series that will use single-seater racing cars built by US manufacturer, Elan Motorsports Technologies. The new engine has been purpose-built for the championship by UK manufacturer, Menard Competition Technologies.