Formula One
Prior to entering Formula One, Paul Shakespeare had purchased the majority shares of the team in September 1988 and this provided Onyx with the much needed injection of cash to make the step up. Martin Dickson was hired as Team Manager and the team was further boosted by sponsorship from Marlboro and Moneytron, a company owned by flamboyant Belgian Jean-Pierre Van Rossem. Van Rossem would soon purchase all of Shakespeare's shares, becoming the majority owner in a deal that would cause the team a considerable amount of problems in the future. In the meantime, the team, now rebranded as Onyx Grand Prix, had struck a deal to use Ford V8's and Goodyear tyres. Respected engineer Alan Jenkins, who had previously worked for McLaren, was commissioned to design the team's first Formula One car, resulting in the tidy-looking Onyx ORE1. Earle went for a mixture of youth and experience on the driving front and hired the respected Stefan Johansson and the young Belgian rookie Bertrand Gachot, who had actually been responsible for the arrival of Van Rossem and his Moneytron sponsorship. So, with a solid business plan in place, a wealth of experience in junior formulae, a sound car and engine package and a solid driver duo, Onyx Grand Prix looked set to have a rather promising future in Formula One.
Read more about this topic: Onyx Grand Prix
Famous quotes containing the word formula:
“I cannot give you the formula for success, but I can give you the formula for failurewhich is: Try to please everybody.”
—Herbert B. Swope (18821958)
“For the myth is the foundation of life; it is the timeless schema, the pious formula into which life flows when it reproduces its traits out of the unconscious.”
—Thomas Mann (18751955)