MONTREAL After having no luck finding work with an existing organization, Jacques Villeneuve has decided to form his own team in order to participate in the Formula One World Championship.
The Canadian driver and 1997 F1 World Championship winner is hoping to grab the 13th and final spot on next season's entry list.
According to German magazine Auto, Motor und Sport, the team is to be named Villeneuve Racing and is among the candidates currently in the running for the last team spot with F1. The team is reportedly up against the American Cypher Group and in the Spanish group Epsilon Euskadi for the coveted spot.
The magazine noted that 39-year-old Villeneuve was prepared to follow any requirements set forth by the sport's governing body, Federation internationale de lautomobile (FIA), including having a team office located in the UK.
There are also reports that Flavio Briatore and Pay Symonds, both of whom were implicated in the Crashgate scandal at the 2008 Singapore Grand Prix, are involved in the project. The men were banned from racing until 2013 but are still allowed to play an indirect role with a team.
The teams members are said to be made up of former members of the Arrows and Super Aguri teams.
When reached for comment, Villeneuves spokeswomen, Hannah Griffiths, would only say that the driver is currently concentrating his efforts on a return to NASCAR, (as well as) working on a return to F1.
Villeneuve, who tried to race in F1 this year with the Serbian team Stefan GP, hasnt driven in the worlds highest class of racing since the 2006 German Grand Prix, when he was wearing the colours of BMW.
This isnt the first time the former world champion has tried to form his own team. Villeneuve cofounded BAR in 1999 with manager Craig Pollock, but the outfit was never as successful as hoped.