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FORMULA 4 COLLAPSE CAMS INDEPENDENT INQUIRY URGENTLY REQUIRED   
Story By: Administrator  Date: 6/09/2019 at 11:22:41 AM 
A statement from Formula 3 Management Pty. Ltd.

At this time of CAMS announcing the axing of the Formula 4 Championship it would be all too easy for any number of interested parties and motor sport enthusiasts to trot out the I told you so line over the demise of this open wheel category.

However the matter is far too important for any glib comments, and if any good is to be gained from this unfortunate saga a full independent inquiry into the CAMS handling of the Formula 4 experiment is required.
Any major business enterprise or sporting organisation that has experienced the failure of a major initiative such as that which has occurred with CAMS and Formula 4 should welcome and initiate an independent inquiry to ensure it benefits from findings going forward.

Matters such as how the Formula 4 decision was reached, what due diligence into the proposal was undertaken, what business plan was put forward, what cost/benefit was to be achieved, what impact the implementation of Formula 4 would have on other categories, what consultation with interested parties was undertaken, plus the final cost to CAMS member should be among the matters examined by an independent inquiry.

Recommendations as to how such matters should be handled in the future, and whether or not those responsible for the Formula 4 failure can be identified and at the very least counselled for their actions are needed.

Formula 3 Management would cooperate with such an inquiry, and in the meantime would be prepared to instigate a two part grid to allow any Formula 4 drivers or teams to participate in Formula 3 events so as to maintain some value and use for these race cars.

Ian Richards
Director
Formula 3 Management Pty Ltd


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