Formula One
In 1997, when Flavio Briatore was fired as Director of the Benetton team, Richards replaced him. However, his tenure only lasted one year, as he could not agree to a long term strategy with the team-owning Benetton family.
When the BAR team was restructuring after the departure of Craig Pollock in 2001, the owners BAT (British American Tobacco) brought in Prodrive to run the team with Richards as its Team Principal. Under his direction there was an improvement in performance, ultimately leading to the team taking second place in the 2004 Constructors' Championship. Richards also brought Jenson Button to the team and made him lead driver providing the majority of their championship points in 2004. This success led to BAT selling a 45% share of the team to Honda in late 2004. With Prodrive having completed its management contract with BAT, Richards stood down as Team Principal and Prodrive's then Managing Director Nick Fry assumed this role.
His Prodrive company entered a bid to enter a Formula One team from 2008 and on 28 April 2006, Prodrive were officially granted entry when the FIA announced the list of entrants to the 2008 Formula One World Championship. However, on November 22, 2007, he was forced to announce that Prodrive F1 would not be competing in the 2008 Formula One World Championship after a lack of clarity over the legality of 'customer cars' and the threat of possible legal action. In May 2009, Prodrive also placed an entry for the 2010 F1 World Championship, however, all three new entries were given to teams using Cosworth engines, while Prodrive already had an agreement to use Mercedes engines.
Read more about this topic: David Richards (racing)
Famous quotes containing the word formula:
“Given for one instant an intelligence which could comprehend all the forces by which nature is animated and the respective positions of the beings which compose it, if moreover this intelligence were vast enough to submit these data to analysis, it would embrace in the same formula both the movements of the largest bodies in the universe and those of the lightest atom; to it nothing would be uncertain, and the future as the past would be present to its eyes.”
—Pierre Simon De Laplace (1749–1827)
“Beauty, like all other qualities presented to human experience, is relative; and the definition of it becomes unmeaning and useless in proportion to its abstractness. To define beauty not in the most abstract, but in the most concrete terms possible, not to find a universal formula for it, but the formula which expresses most adequately this or that special manifestation of it, is the aim of the true student of aesthetics.”
—Walter Pater (1839–1894)