Sep.25 (GMM) With one swift retort, Colin Kolles extinguished rumours that the Jacques Villeneuve/Durango venture might be rescued by struggling F1 team HRT.

After the alliance missed out on the 13th team entry for 2011, 1997 world champion Villeneuve said another potential route onto next year's grid was to buy an existing outfit.

The most affordable would most certainly be Hispania Racing, slowest on the 2010 grid and reportedly struggling for survival.

"To be honest, I'm really speechless that you believe this speculation," said team boss Kolles, when also asked in Singapore about speculation linking HRT with Stefan GP.

"Why should I answer you if you mention the name Durango and the people you just mentioned before? I cannot make any comment because I never spoke to these people," he added.

Villeneuve also responded to the speculation on Friday, in conversation with the French Canadian publication Rue Frontenac.

"We have not yet made a formal bid for an F1 team at all," said the 39-year-old.

"As the deadlines are less pressing than those imposed by the FIA, we are evaluating all our options before making a final decision," added Villeneuve.

He admitted that turning his attention to NASCAR is perhaps now the most likely outcome.

"We are looking at how the funds that would have been for the F1 side can be transferred to North America to develop a programme in NASCAR," said the Canadian.

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