Forward Racing To Miss Indy Grand Prix, MotoGP Future Unclear
MotoGP team Forward Racing Yamaha has officially announced that it would be missing the Red Bull Indianapolis Grand Prix, citing on-going financial struggles in the wake of team boss arrest on charges of money laundering and corruption.
The news shouldn’t come as a surprise to those who have been following this case. Team Boss and tax inspector Libero Galli were arrested in the middle of July 2015 by the Swiss police and since the team’s frozen financial accounts are all under team boss’ name, money has become a problem to cover day-to-day expenses.
Turns out, the financial well has since dried up, leaving Forward Racing Yamaha with no choice but to wait out the investigation surrounding its boss’ alleged wrongdoing.
That’s already put its participation at the Red Bull Indianapolis Grand Prix on August 9, 2015 in the can. The team is still hoping to make it to the bwin Grand Prix České republiky in Brno on August 16, 2015, although that would still be contingent on whether the case involving team boss would be resolved by then.
Team manager Marco Curioni has already asked Dorna and the team’s sponsors for a little latitude and while Dorna and the IRTA seems to understand the predicament of the team, title sponsor Athina has been a less forgiving. Since word of Curari’s arrest made the news, the eyewear company announced the cancellation of its existing contracts with the team, leaving Forward Racing in yet another bind to find another source of income for the team.
The team is still hoping to return to the MotoGP grid this year, but its fate is still largely dependent on how boss case is resolved. I’m hoping for the best, but with a serious issue like this, it’s probably best to let the course of the investigation play out before finding out what the next move for all parties concerned is going to be.
Continue reading to read about Forward Racing’s future in MotoGP.
Why it matters
This case is particularly disturbing because of the allegations against team boss. Money laundering and corruption charges are no joke, folks. If team boss is proven guilty of these crimes, he’s going to deserve whatever punishment he gets.
That said, it’s still in the early part of the investigation and everyone needs to remember that unless proven guilty, team boss still has the right to find these allegations to clear his name.
It’s still not a good look, but that’s the cards Forward Racing has been dealt and the team has to deal with it accordingly. It’s not the best position to be in and yet, at this point, there’s little to be done.
The team has already suffered because of it and there’s a good chance that it will continue to suffer if the case against its team boss drags on. Worse for the team, this process will take a long time to finish and even if team boss somehow escapes these charges, it’s still going to be attached to his name.
That might make it difficult to find new sponsors who will be willing to spend inordinate sums of money on a team that’s run by somebody who was investigated for money laundering and corruption.
I personally don’t have the slightest inkling on how this investigation will turn out. But I do know that no matter how it plays out, it will be a stain that the team will have a lot of trouble getting rid of.
At this point, all I can offer is to wish Forward Racing luck on its future.