Nick Heidfeld emerges to found a Formula E feeder series

Former Formula 1 driver Nick Heidfeld has decided to get back into motor racing now that his kids are almost done leaving the nest, and he is doing so in a rather interesting way. Heidfeld has observed that there is no all-electric open-wheel feeder series to Formula E, so he has decided to start one, and he has come up with some business model gymnastics to — he believes — make it affordable enough to actually do.

It’s called the FG Series, which looks like it stands for many different things at once, and it says “affordable” right at the top, so you know it’s good. The model is that the series owns all the cars, and they run two championships at the same time, they rent the cars to teams, and they apparently hustle them back and forth between race meetings? I’m sorry, this seems insane. And they need “several million” more in investment. I will not be forking over.