Oct.25 (GMM) Joan Villadelprat on Monday insisted he has not given up on bringing his Spanish Le Mans team Epsilon Euskadi into formula one.

The Spaniard tried to acquire the thirteenth and final team entry for 2011, but the FIA ruled that none of the applicants had the financial resources to justify the go-ahead.

But Villadelprat told the Noticias de Gipuzkoa that the 13th entry is not the only route into F1.

"We have not thrown in the towel," he confirmed.

"The most important thing in formula one is the funding that allows you develop for the long-term. We already have the infrastructure and human capacity.

"We are still working with a range of investors and we hope soon to have a final decision," added Villadelprat. "If the decision is positive, we have a range of options.

"We can go for the 13th entry in 2012, or for 2011 buy an existing team."

He ruled out buying the struggling HRT team.

"We are not in contact with them," said Villadelprat, with decades of experience in F1 with Ferrari, McLaren, Benetton and Prost.

"But we are confident that there are licenses available, because there are several teams in a very delicate economic situation," he added.

"If we secure the budget for the next four years to take over the project of one of these teams, we will -- otherwise, no."

Latest F1 News - Mobile version

26 Feb: New Ferrari not quickest in field - Domenicali 26 Feb: Red Bull still best in 2013 - Tost 26 Feb: 2014 French grand prix 'possible' - Prost 26 Feb: Danica Patrick 'not interested' in F1 switch 26 Feb: Report - Gilles Simon working on F1 engine for Honda 26 Feb: Gutierrez plays down link to Carlos Slim 26 Feb: Caterham exhaust 'legal' insists van der Garde 26 Feb: McLaren replaces Mercedes-bound Lowe 25 Feb: 'Engine maps' trouble for Red Bull, Lotus - report 25 Feb: Mercedes-bound Lowe to miss 2013 opener - report 25 Feb: Mercedes 'in group of teams' behind Red Bull - Lauda 25 Feb: Gutierrez expects Hulkenberg to beat him early in 2013 25 Feb: New Ferrari 'much better' than 2012 - Massa 25 Feb: Teams 'will adapt' to new tyre situation - Gutierrez 25 Feb: Tight rules make today's F1 cars 'the same' - Forghieri 25 Feb: Williams removes controversial exhaust trick 25 Feb: Contract 'conflicts' cause of Marussia test snub - Razia 25 Feb: Lotus to fight Red Bull for title - Gutierrez 25 Feb: Marussia 'ahead of Caterham' - Chilton 25 Feb: Sutil will not stay in F1 as test driver The latest F1 News - Mobile Version