By Maximilian Clarke
Arcadius Sports Ltd this morning announced it has reached agreement to acquire a minority interest in RPD Motorsport Ltd 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 BARCFormula Renault and Formula Renault Junior Series for 2012.
“We have been incredibly impressed with the RPD Motorsport team as we have worked with them over the past year,” commented Chris Starling, Arcadius’ CEO. “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”
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