Creation and Management
The creators of the Asian F3 Championship intended the series to provide young Asian drivers with a stepping stone to the higher levels of single-seater motor racing. Asia has not traditionally had the motor racing profile and career ladder from which European drivers benefit. There was clearly a need to change this and to demonstrate the feasibility of Formula Three to potential sponsors in light of the region's growing economy. The series' organisers have held corporate track days in the Philippines, as part of their efforts to attract sponsorship.
Asian F3 is positioned between two other single seater formulae in Asia's fledgling motorsport culture: below it sits Formula BMW Asia, which is one of four Formula BMW series worldwide, and positioned above it is Formula Renault V6, which is derived from the now defunct Formula Renault V6 Eurocup that was held in Europe, and uses the same Tatuus chassis and Renault-derived V6 engine.
The championship is organised by the Asian Formula Three Corporation, which is managed by Jose Eduardo Peña from offices in Manila. The corporation's stockholders comprise the participating teams. Current stockholders include the proprietors of Speedtech Asia; Joson F3 Racing (disbanded); Team Goddard; Ghiasports (not in the series anymore); TOM's Asia (teamed up with Threebond Racing in the 2005 series); and Kinectic Racing (disbanded). Stockholders are not required to pay the entry fee of $2000 per season. Unfortunately, the 2007-08 season which is the pacific series, is the last season of the series. The 2009 season never materialzed due to lack of teams and drivers joining the series, and the season champions which is the Team Goddard moved its racing operation in the Australian Formula 3 series that same year.
Read more about this topic: Asian Formula Three Championship
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