The Performance Racing business was founded in
Sweden, in 1999, to concentrate various motorsport activities into one source. The business was bought by Issazadhe in 2000 to manage his own racing team. In the beginning, in 1999 and 2000, the team ran in
Europa Cup Formula Opel. It also became involved in
Formula Three in
Germany,
Sweden and
Great Britain. During the
2006–07 A1 Grand Prix season, Performance Racing managed the
A1 Team Pakistan in the
A1 Grand Prix World Cup of Motorsport. In January 2008, the team became the managers of
A1 Team Indonesia. The team joined the
International Formula Master championship in
2008. == Results ==