PHM Racing

McKenzy Cresswell driving a PHM Racing FIA Formula 3 car at the Red Bull Ring (2023)Born from the ashes of Mücke Motorsport's single-seater programme, which was disbanded at the end of 2021, PHM Racing was founded by Paul Müller with a squad mostly consisting of former Mücke personnel and the aim of being a non-profit organization. The team made its first step into racing in the Formula 4 UAE Championship in 2022, competing with Nikita Bedrin, Jonas Ried and Taylor Barnard. Following a campaign that yielded the team's first ever race win with Barnard and a further pair of victories brought by Bedrin, team owner Paul Müller announced that they would be stepping into the Italian and German F4 series.

The team entered Formula Regional Middle East for the 2023 winter season, before expanding into Formula 2 and FIA Formula 3 with a partial takeover of Charouz Racing System under the PHM Racing by Charouz moniker. PHM assumed full control of the F2 and F3 teams' operations prior to the 2023 Yas Island Formula 2 round, and announced a new sponsorship deal with the Dubai-based AIX Investment Group that would see the team renamed PHM AIX Racing for 2024. AIX Investment Group later completed acquisition of the F2 and F3 structures and became AIX Racing in May 2024. The Formula Regional and F4 outfits reverted to the PHM Racing name in October 2024 in the wake of the AIX sponsorship deal ending.

^ Tremolada, Mattia (1 January 2022). "Dalle ceneri di Mucke nasce il PHM Racing". italiaracing.net (in Italian). Retrieved 5 October 2022.

^ "Our Story". PHM Racing. Retrieved 3 October 2022.

^ "PHM Racing on their first ever campaign: 'We shook up the establishment'". F1 Feeder Series. 30 March 2022. Retrieved 3 October 2022.

^ "New addition to the ADAC Formula 4 field: PHM Racing to run four cars". automobilsport.com. 22 March 2022. Archived from the original on 3 October 2022.

^ Wood, Ida (27 March 2022). "New PHM Racing team names five drivers for ADAC and Italian F4". Formula Scout. Retrieved 5 October 2022.

^ "PHM Racing take over Charouz Racing System's FIA Formula 2 and FIA Formula 3 entries". Formula Motorsport. 28 November 2022.

^ "PHM Racing to enter F2 and F3 in 2023 with Charouz deal". Formula Scout. 28 November 2022. Retrieved 1 June 2023.

^ "2023 Yas Marina Event - F2 Entry List - Yas Marina 2023" (PDF). fia.com. Fédération Internationale de l'Automobile. 23 November 2023. Retrieved 20 December 2023.

^ Overkamp, Marc (10 January 2024). "PHM Racing becomes PHM AIX Racing". PHM AIX Racing. Retrieved 10 January 2024.

^ Gascoigne, Roger (13 May 2024). "AIX Investment Group completes acquisition of F2 team PHM Racing". Formula Scout. Retrieved 13 May 2024.

^ "We are pleased to announce the return to our original name PHM Racing". Instagram. PHM Racing. 30 October 2024. Archived from the original on 9 November 2024. Retrieved 9 November 2024.