With the series financially supporting each team, the whole proverbial house of cards came tumbling down last year, its creditors (including Ferrari, which had designed and built their new spec racer) seizing the series' assets.
Now it seems that the self-styled "World Cup of Motorsport" may have another chance to see the light of day. A group of investors is reportedly working out a plan to get the cars and other assets out of hock and field them once more. But instead of the original doomed formula, the re-inaugurated series would demand each team secure its own financial backing, while the series organizers would coordinate the races and provide spare parts trackside. An off-season calendar could see the series run 10 races in 2011-12, if the plan comes to fruition.