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Doesn't this smack of an FIA rival to the Ecclestone-backed GP2??
It would make more sense to try and lower the costs of GP2/F3 etc then introduce a championship that's supposed to be above these but at a fraction of the cost. I normally applaud a new series but it is getting far too crowded now with F3/GP2/WSR et al.
Would probably work better as a winter series maybe.
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