The Theodore Racing name could once again be seen in Formula 1 if an evaluation by Status Grand Prix principal Teddy Yip Jr. is successful.
Founded in 1976 by the late Teddy Tip Snr, Theodore Racing competed in 64 Formula 1 races which saw drivers such as Patrick Tambay, Ronnie Peterson and Keke Rosberg drive for the team, which last raced in 1983.
Teddy Yip Jr brought the Theodore Racing name back as a sponsor of Prema Powerteam at the 2013 Macau Grand Prix as Alex Lynn took victory in Macau in the Theodore colours, while Felix Rosenqvist took the honours this season.
David Kennedy, managing director of Status told Autosport, “If there are sensible opportunities, it’s worth evaluating what’s available. Formula 1 is in such a state of turmoil at the moment and if they can’t manage it at the top end what’s it going to be like at the bottom end?
“But we’re just putting the pieces into place for a successful motorsport business. The Theodore legacy continues and it’s still incredibly strong in Asia, and our brand has a high prestige value in China.
“In a few years since coming back with Teddy and Theodore we’ve been at the sharp end. Now we’ve started a junior programme in Asia, which can get to the younger generation and the obvious follow-on is how high does this elevator go?
“In Asia the highest is Super Formula, then after Super Formula and GP2, you scratch your head and ask, ‘What’s next?'”