In view of the worsening economic climate, which has hit not only the grids of the FIA GT Championships but of many other series in the context of an overcrowded sportscar scene, Stephane Ratel, founder and CEO of SRO Motorsports Group, informed the GT Commission, sitting in Paris on July 17th, that SRO did not intend to continue as promoter of the FIA GT1 World Championship and the FIA GT3 European Championship in 2013.

The Commission, while noting SROs reasons for this, underlined their support for promoter and teams to bring the 2012 season to a successful finish, in recognition of the investment made by the teams competing this year.   A revised calendar for the second half of the season will be issued later this week.

Although this marks the end of SROs support to the GT1 World Championship, Ratel has been clear that he hopes that this will not mean the end of a long and fruitful collaboration with the FIA, with various possibilities being studied at the current time.

In the shorter term, SRO Motorsports Group will hold its traditional annual press conference during the companys flagship event, the Total 24 Hours of Spa.  This event, planned for Friday July 27th at 13:00, will see some exciting announcements concerning the new structure of SROs GT and F3 series, as well as the provisional 2013 calendars.