P1racenews AI automatic summary:
Dubai investment firm AIX Investment Group completed its acquisition of Formula 2 and 3 teams to form AIX Racing. Fully acquiring PHM AIX Racing, the investment firm has completed a transition in the team’s ownership and management. The Dubai-based financial firm completed the team’s acquisition through its ‘We Are The Future’ programme. PHX competes in […]
The investment firm fully acquired PHM AIX Racing, completing a transition in the team’s ownership and management. The Dubai-based financial firm executed the team’s acquisition through its ‘We Are The Future’ programme. PHX is active in F2, F3, Formula Regional Middle East, Central European Zone, Italian, European, and United Arab Emirates Formula 4 championships. Following AIX’s takeover, the team will be rebranded to AIX Racing and will continue competing in these series. In addition to the recent PHM AIX Racing acquisition, the company bought the F2 and F3 team Charouz Racing System in 2022. The investment firm also sponsors drivers Charlie and Oscar Wurz, who are currently participating in F3 and F4 races. ‘We Are The Future’ CEO Morne Reinecke stated that the vision for AIX Racing goes beyond ownership, focusing on excellence, innovation, and success. Through this acquisition, the firm commits to providing top-tier resources to their teams and drivers, aiming to help them achieve unparalleled performance and success.
