Status GP - Company Profile

Status Grand Prix is one the UK’s fastest-emerging motorsport companies, committed to sporting and commercial excellence.

The team won the 2009 A1GP World Cup of Motorsport with its A1 Team Ireland entry, a success that led into its 2010 entry into the new GP3 Series, the formula run by Bernie Ecclestone and Bruno Michel to identify Formula One™ stars of the future.

Founded in 2005 by Mark Gallagher and Mark Kershaw, Status Grand Prix’s four seasons in the global A1GP series for 600hp cars established its reputation for excellence. Hand-picked personnel with F1 experience established Status GP’s commitment to an engineering advantage, driver enhancement and award-winning presentation that give real value to a driver and their partners.

In addition to its success with A1 Team Ireland, Status GP utilised its engineering expertise to score race victories with A1 Team Canada and A1 Team Netherlands, beating cars run by established top-line international teams such as Super Nova, DAMS and Andretti Green Racing.

Now one of the 10 elite teams awarded a GP3 Series entry, Status GP’s new project prompted a move to a new 7000sq ft team facility in Silverstone. The team is committed to capitalising on this platform and setting Status GP on a path of long-term success, guiding its drivers to more championships and utilising its network of heavyweight Formula One™ contacts to fast-track their careers to the top.

Shareholders

Status Grand Prix Engineering Ltd’s ownership group since 2008 is made up of three individuals all steeped in motorsport history and business success, whose combined experience and network of contacts create a formidable platform for business success and growth.

Teddy Yip - Principal Shareholder
 
Teddy Yip – Principal Shareholder
A Canadian-based entrepreneur with a great passion for motorsport and a strong family history of involvement thanks to his late father’s ownership of Theodore Racing, one of the most prominent racing teams in the 1970s and ’80s. Strongly associated with the legendary Formula 3 Grand Prix in Macau, where Teddy Yip Snr had major business interests, Theodore Racing competed in F1 between 1977-1983 and gave opportunities to notable drivers such as Ayrton Senna, Patrick Tambay, David Kennedy, Rubens Barrichello and Eddie Irvine. The team also competed in Indycar, including the Indy 500. Teddy Jnr’s investment in Status GP has been a catalyst for the team’s rise to prominence in winning the A1GP title in 2009.
David Kennedy
 
David Kennedy
One of Ireland's leading motorsport figures, David enjoyed a highly successful career as a driver which included reaching F1 with the Theodore Racing team owned by Teddy Yip Snr, the father of Status Grand Prix’s principal shareholder. David competed for Theodore in the Aurora AFX British F1 Championship, finishing runner-up in 1979, before moving into the F1 World Championship with Shadow. He later switched to sportscar racing, forging a long-standing partnership with Mazda and being pivotal in helping it develop the team which won the 1991 Le Mans 24 Hours. A successful businessman who founded, developed and later sold Grand Prix Racewear, he has also managed drivers such as Richard Lyons and Damien Faulkner to multiple international titles. Since 1995 he has also been an F1 television commentator and today covers F1 and GP2 for Irish broadcaster Setanta.
John Hynes
 
John Hynes
A highly successful Dublin-based businessman who has enjoyed a long career in motor racing and is widely respected for the help and support he has given to drivers. A former competitor himself, both in saloon cars and offshore power boats, one of his companies – Group Water Works – was a well-known sponsor in motorsport circles, and supported David Kennedy when he drove for Teddy Yip Snr’s Theodore Racing team in F1. A close friend and associate of the Yip family, John has been pivotal in helping Status Grand Prix’s growth and success.
GP3 Series
GP3 Series
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History
History
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