Arcadius Sports Ltd (“the Company”) this morning announced it has reached agreement to acquire a minority interest in RPD Motorsport Ltd (“RPD Motorsport”) for an undisclosed fee. RPD Motorsport, founded in 2007 is an Essex based racing team currently focussed on the Formula Renault series in the United Kingdom as well as providing technical training courses in motorsport and car rebuild services. RPD Motorsport has competed in the BARC Formula Renault Series over the past few seasons and hopes to expand to run additionally in the newly formed, live televised Formula Renault Junior Series in 2012.
The Company will acquire a minority shareholding in return for the injection of an undisclosed amount of capital allowing RPD Motorsport to grow its business and provide a wider range of options to its clients both for full season racing and testing programs as well as one-off test days. RPD Motorsport is currently looking for drivers to participate in the BARC Formula Renault and Formula Renault Junior Series for 2012.
Chris Starling commented:
“We have been incredibly impressed with the RPD Motorsport team as we have worked with them over the past year. Despite being formed in 2007 the team has managed to develop a reputation for providing a high quality service and we believe the team has the potential to grow over the next few years both within the Formula Renault series and beyond and we are delighted to have signed an agreement to assist in their development. The RPD team has worked incredibly well with our own drivers in 2011 so we are confident of the high standards they have set themselves”
Separately, the Company is pleased to announce that Oly Mortimer the reigning Porsche GT3 Cup Driver of the Year plans to enter the Porsche Carrera Cup GB Competition in 2012. Mortimer, the multiple Scottish and British Mini Champion demonstrated his skill in the 2011 Porsche Series taking 8 wins and 3 second places as well as 2 wins a guest appearance in the last round of the GT Cup. Oly is currently seeking sponsors for his 2012 campaign. Interested parties can request an information pack by emailing email@example.com or calling +44 (0) 207 692 5713.
For further information contact:
Arcadius Sports Ltd
80-83 Long Lane
Tel +44(0)20 7692 5713 / Mob +44 (0) 786 618 5829
Fax +44(0)20 7692 5714
Notes for Editors:
RPD Motorsport has competed in the BARC Formula Renault series over the last few years and is looking to expand its client offering to the newly formed Formula Renault Junior Series in 2012 which is televised live on ITV 4 as part of the British Touring Car Championship (BTCC) package and Carrera Cup. RPD Motorsport is based in Basildon, Essex and is led by Steve Durrant the Team Principal.
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