Tuesday 30th March 2004
A1 Grand Prix, a brand new concept in international motorsport was launched to the world’s press at the prestigious Jumeira Beach hotel in Dubai. Series’ founder Sheikh Maktoum Hasher Maktoum Al Maktoum unveiled his vision for an exciting yet accessible sport where all countries could compete equally on a level playing field. From this spark, grew A1GP, a series with deliberately equalised technology and national teams, racing their flag in the World Cup of Motorsport. After a successful first season of A1GP, it was announced on 29 September 2006 that Maktoum was to sell his position as Chairman & Director of A1GP. The transfer of his share in the organisation of A1 Grand Prix to RAB Capital was finalized in December 2006. Tony Teixeira took control of the series in 2006, leading it to liquidation by 2009. In 2014, ISRA (International Sport Racing Association), took 2005–08 A1 Grand Prix racing cars (Lola-Zytek) and created a new single-seater competition named Formula Acceleration 1, which is part of Acceleration 2014.