Complex sentence: However, the team was chronically underfunded and had a poorly engineered chassis and despite Theodore's intervention mid-season Kennedy only qualified for 1 of the 8 Grands Prix he was entered in-the Spanish Grand Prix, an event subsequently stripped of its World Championship status.
Split into simpler sentences: However, the team was chronically underfunded and had a poorly engineered chassis and despite Theodore's intervention mid-season Kennedy only qualified for 1 of the 8 Grands Prix he was entered in. The race he competed in was the Spanish Grand Prix, an event subsequently stripped of its World Championship status.