Due to unprecedented response to our series funding proposals, the Formula First Drivers Association must become a more serious entity in order to administer the contingencies and awards. Right now we have an overall series sponsor and four of the five events have event sponsors. We have three at large sponsors and I’m sure there are more to come.
So the Association is incorporating as a non-profit corporation as soon as we can which will enable us to do our job. As a result of incorporation which gives us the ability to engage in contracts and the need for governance expenditures, the association will be charging dues for 2010 member ship. All current members with valid e-mail addresses should have received a notice of this change. I cannot invoice anyone for the dues but I’d be glad to mail a receipt.
Stand by for our big announcement and if you haven’t received my prior e-mail drop me a note and I’ll make sure you do.