Only few months after its launch in the Italian and German Formula 4 Championships, the Monisha Kaltenborn and Emily Di Comberti-led KDC Racing has already gone bankrupt.

The former Sauber Formula 1 Team boss Kaltenborn launched the team alongside di Comberti as an all-female managed outfit to compete in the two of the biggest F4 championships in Germany and Italy.

The team started the ADAC F4 championship with Aaron di Comberti and Leonardo Lorandi, but only entered in the first three rounds – missing the last round at Red Bull Ring. The team has three points finishes from either drivers in the nine races in the series.

Meanwhile, in the Italian F4 series, the team fielded di Comberti along with Toby Sowery and Ilya Morozov in the first two rounds only, with Sowery scoring two podiums in the four points scoring races.

With only five rounds across the two championships, the team went bankrupt last month. The reported news has now been confirmed by Lanan Racing team boss Graham Johnson, whom the KDC Racing team owner di Comberti owes nearly £90,000.

Johnson though added that the money is not related to the KDC Racing team competing in F4, but for their son Aaron who raced for Lanan Racing in the first four rounds of the 2017 BRDC British F3 Championship.

The statement to Formula Rapida from Johnson stated: “The Team owner of KDC Racing is now bankrupt owing me close to £90,000. As a bankrupt she/he can not be a company director anywhere. The KDC team have not raced for a while and owe suppliers money.”

He also revealed that the court’s hearing for the unpaid dues was scheduled for last month where di Comberti did not appear and was then declared bankrupt. The court is now investigating their financial condition to recover the debt.

Elaborating on Aaron’s stint with Lanan, Johnson stated that the youngster started on well in the pre-season testing but faced difficulties during the season, unable to convert into high-end results, even though he scored regular points.

This resulted in Aaron’s father pulling him out of the team and the championship altogether as he then made his racing return only in 2018 for his the KDC Racing team in the German and Italian F4 championships.

Until now, there has been no news or statements from either di Comberti and or Kaltenborn’s side on the matter.