In motorsport , a privateer is usually an entrant into a racing event that is not directly supported by an automobile or motorcycle manufacturer. Privateers teams are often found competing in rally , circuit racing and motorcycle racing events and often include competitors who build and maintain their own vehicles and motorcycles . In previous Formula One seasons, privately owned teams would race using the chassis of another team or constructor in preference to building their own car; the Concorde Agreement now prohibits this practice. Increasingly, the term is being used in a Formula One context to refer to teams, such as Williams , that are not at least part-owned by large corporations . Many privateer entrants compete for the enjoyment of the sport, and are not paid to be racing drivers .
4-595: Reg Parnell Racing was a privateer Formula One team during the 1950s and 1960s. The team was founded by ex-Formula One driver Reg Parnell after he retired from racing. It raced as Yeoman Credit Racing in 1961 and as the Bowmaker Racing Team in 1962. The team's best results were a pair of second places in the British Grand Prix and the German Grand Prix of 1962 . John Surtees also took pole for
8-531: The 1981 Spanish Grand Prix , Equipe Banco Occidental became the last privateer team to enter Formula One, using a Williams chassis. Privateer entries have been prohibited in Formula One since 1981 under the first Concorde Agreement . As of the 2024 Las Vegas Grand Prix , there have been 20 victories by three privateer teams at Formula One Grands Prix : ten by Matra International/Tyrrell Racing , nine by Rob Walker Racing Team and one by FISA . The first win
12-576: The team at the 1962 Dutch Grand Prix . ( key ) (Results in bold indicate pole position; results in italics indicate fastest lap; † indicates shared drive.) ‡ At the 1964 Austrian Grand Prix Amon used a car borrowed from Team Lotus with Climax V8 engine. Privateer (motorsport) From the inaugural 1950 season until 1981 , several privateer teams entered chassis at Formula One Grands Prix . Some of them—such as Tyrrell and Williams —later began to build their own chassis and thus became constructors , as well as works teams . At
16-596: Was achieved by Walker at the 1958 Argentine Grand Prix , and the last win was achieved by Tyrrell at the 1970 Spanish Grand Prix . Key: ( Bold ) Driver won the World Drivers' Championship ; ( Italics ) Constructor won the World Constructors' Championship Across 32 seasons, only one privateer team contributed to a Formula One World Championship : Matra International in 1969 . The team—later known as Tyrrell Racing Organisation —helped constructor Matra win
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