It is with great disappointment that we have to announce that Ginetta will not be releasing the two LMP1 cars that successfully ran at the FIA WEC Prologue at Paul Ricard earlier this month.

Unfortunately, funds promised have not arrived from TRS (China) to CEFC TRSM Racing (UK).

The required funds for Ginetta were due some time ago and whilst we understand that TRS (China) has been working with its sponsors to sort the issues, without payment, Ginetta cannot allow the cars to race. Ginetta remains committed to working with CEFC TRSM Racing (UK) on this programme.

We are aware that CEFC TRSM Racing has visited TRS many times in China and can also confirm that TRS have visited Ginetta three times recently, the last time to attend a Royal visit.

We have been informed by TRS that the current situation is a short-term cash flow problem and that the main funds are in place for payment before Le Mans.

Chairman of Ginetta, Lawrence Tomlinson said:“We’ve got to a situation where a UK-based team with excellent ability, kit and personnel, plus a pair of the latest LMP1 cars with confirmed and fully paid up entries for the 2018/19 FIA WEC (including two entries at Le Mans in both 2018 & 2019) are unable to race simply due to funds not flowing."

The Ginetta G60-LT-P1 topped the times in the nine-hour Saturday test session at the FIA WEC Prologue in full race legal trim - both cars doing more than 100 laps in their shakedown.