Origins
The team's origins are traced back to 1988 when Jackie Stewart's son Paul set up Paul Stewart Racing at the end of 1988 when he bought the Gary Evans Motorsport Team. His team entered the 1989 British Formula 3 season with a workforce of 10 employees. The team attracted the sponsor Camel. Paul Stewart had driven the car alongside German Otto Rensring. The team's first season had not been hugely successful with a sole win for Stewart at Snetterton. In 1990, the team expanded with a move to their headquarters in Milton Keynes and was divided into three sections; preparation for European Formula 3000, Formula 3 and Formula Vauxhall Lotus. Within a few years, the team enjoyed huge success in Motor Racing by winning 12 titles and 119 races in various categories.
While in late 1995, Stewart Racing (like top competitor DAMS) expressed disinterest in moving up to F1, considering short-lived entries Simtek, Pacific and Forti either had folded or looked to fold, this decision was reversed in January 1996 when Jackie Stewart secured a five-year development deal with Ford to make it a factory team. Ford had been in a deal as a factory engine supplier to Sauber before this.The team would be based in the United Kingdom with finance from Malaysia as a promotion for the country in general. Stewart were in consultation with John Barnard about a business plan with a budget of £24 million.
Read more about this topic: Stewart Grand Prix
Famous quotes containing the word origins:
“The settlement of America had its origins in the unsettlement of Europe. America came into existence when the European was already so distant from the ancient ideas and ways of his birthplace that the whole span of the Atlantic did not widen the gulf.”
—Lewis Mumford (1895–1990)
“Lucretius
Sings his great theory of natural origins and of wise conduct; Plato
smiling carves dreams, bright cells
Of incorruptible wax to hive the Greek honey.”
—Robinson Jeffers (1887–1962)
“Compare the history of the novel to that of rock ‘n’ roll. Both started out a minority taste, became a mass taste, and then splintered into several subgenres. Both have been the typical cultural expressions of classes and epochs. Both started out aggressively fighting for their share of attention, novels attacking the drama, the tract, and the poem, rock attacking jazz and pop and rolling over classical music.”
—W. T. Lhamon, U.S. educator, critic. “Material Differences,” Deliberate Speed: The Origins of a Cultural Style in the American 1950s, Smithsonian (1990)