Sep.15 (GMM) Durango, the Italian racing team, has confirmed Jacques Villeneuve's announcement that there are plans to buy an existing formula one team.

After the FIA decided recently to leave the 13th team entry vacant in 2011, 1997 world champion Villeneuve said "plan B" is to "take over one of the existing teams".

Press reports in recent days said HRT and Virgin are the French Canadian's most likely targets.

"The only way to enter F1 in 2011 is to buy an existing team," confirmed Durango spokesman Giuseppe Dorigo to French language Radio Canada Sports.

"And as planned we will do it together with Jacques Villeneuve. Yes, we believe it's worth it.

"Our only goal now is to be on the starting grid next year," added Dorigo.

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