Joan Villadelprat, the director of Epsilon Euskadi, is quite concerned about delay from FIA to anounce the name of the new F1 team that will race in 2011. Main problem is concerns about organization, leaving little time available for preparations.
"I'm optimistic but also concerned if announcement of the FIA will not arrive before the end of August. This means that whoever is chosen will have little time to create and develop the car and not fall too far behind, all we have to invest huge sums of money not knowing if these projects will come to life. The program made by my team has a solid foundation and we have made contacts with several Spanish and international companies who want to invest on us. What is sure is that our plans are not on short term basis, but tend to be long-term projects, becouse a team that hopes to enter F1 can not think of running one, two years. This kind of a project requires more than 100 million euros only as a starting point. I do not aprove Virgin's choice to fix their budget on 40 million because if you want to achieve great goals, you can not use so little resources on the development. Every year you always start from scratch " .