The FIA Formula 2 and FIA Formula 3 Championship promoters announce that German team PHM Racing will take over Charouz Racing System’s entries and assets from the 2023 F2 and F3 seasons.
Founded in 2021 by Paul H. Muller, PHM Racing took part in the Formula 4 Championship in the United Arab Emirates, the German ADAC F4 and the Italian ACI F4 Championship in 2022.
PHM Racing will be operated by Charouz Racing System in 2023, and the team will race under PHM Racing by Charouz in both Championships.
The German outfit will be making its first appearance when Formula 2 and Formula 3 return for pre-season testing at the Bahrain International circuit, on February 14th to 16th.
I would like to welcome to PHM Racing to Formula 2 and Formula 3. Although they are a young team, they are eager to prove they have what it takes to embrace the challenges of our championships. I would also like to thank Toni Charouz and everyone at Charouz Racing System. Toni has been a great partner throughout the years and Charouz Racing have been valued members of our paddock since 2018. They will operate PHM Racing in both categories next season, so the Charouz name will remain on the grid in some capacity for another year.
FIA Formula 2 Championship CEO, Bruno Michel.
Joining Formula 3 and Formula 2 is the next step in our evolution as a comprehensive development program for young driver talents. We are excited to offer drivers a team that can take them from karting all the way to the doorstep of Formula One.
Paul H.Mueller, owner of PHM Racing adds.
I’m really glad to announce this partnership with Paul and his team. PHM Racing is a quite new name in the motorsport landscape but they already showed how professional and competitive they can be in Formula 4 and I’m sure, with all our knowledge and support, that they can do as well in the FIA Formula 2 and FIA Formula 3 championships.
Toni Charouz, Team owner of Charouz Racing System.
Jordan's F1 Blog 
3 responses to “PHM Racing to take over Charouz Racing System”
What happened to Charouz?
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Not entirely sure, I researched why they’ve been taken over but no luck. Can only imagine financial issues? Or focusing on a different series.
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I’d imagine it’s money too as it says PHM are also taking the assests.
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