 At the end of the year, Telefonica pulled out of sponsoring the team, making it the last Formula One car until the 2004 Renault R24 to be sponsored by the Spanish telecommunications company, while Fondmetal boss Gabriele Rumi was forced to sell the team due to ill health, leaving team founder Giancarlo Minardi with the task of finding the budget for 2001.The team was eventually bought by the Australian aviation entrepreneur, Paul Stoddart.In 2014 British F1 engineering company TDF rebuilt chassis 1 and 2 for demonstration use.