A1GP boss interested in buying F1 team

A1GP boss Tony Teixeira is interested in buying into Formula One after securing a deal with champions Ferrari to power his own series

A1GP boss interested in buying F1 team

"I am looking around. I have been speaking to two or three different teams that are maybe available for sale," the South African businessman told Reuters in an interview on Thursday.

"If I find the right deal that makes sense...and it's the right price and I think that I can get up to the top 10 positions in F1 - I'm not going to do it to come last - then I will conclude a deal," he added.

Toro Rosso and Spyker are both Ferrari-powered, although the latter team have just been sold for $124 million (61 million pounds) to a consortium led by Indian billionaire Vijay Mallya and Dutch entrepreneur Michiel Mol.

Toro Rosso are half-owned by Austrian energy drink billionaire Dietrich Mateschitz, who also owns the Red Bull Racing team, and Austria's former Ferrari driver Gerhard Berger.

Italy-based Toro Rosso showed their potential at the last race in China when German rookie Sebastian Vettel finished fourth.

"Toro Rosso are one of them," Teixeira, who attended last month's Italian Grand Prix at Monza, said of the possibilities. He said he had stepped aside for Mallya at struggling tail-enders Spyker.

"I want to be as close to the pinnacle of motorsport as I can," he said. "We don't want to be playing with it. If I do get involved with an F1 team, It will be as an insider to what is happening."

Thursday's announcement confirmed Ferrari as provider of engines and designer of cars for A1GP, the self-styled World Cup of Motorsport that involves teams from 22 nations competing through Formula One's European winter break.

Teixeira said A1GP, with the emphasis on driver skill rather than technology, would never be a rival to Formula One but could become more of a feeder series.

shares
comments
Mercedes hunts for Wikipedia vandal

Previous article

Mercedes hunts for Wikipedia vandal

Next article

Webber hails Red Bull's progress

Webber hails Red Bull's progress
Load comments

About this article

Series Formula 1
Author Alan Baldwin
The back-bedroom world-beater that began a new F1 era Plus

The back-bedroom world-beater that began a new F1 era

The first in a line of world beaters was designed in a back bedroom and then constructed in a shed. STUART CODLING recalls the Tyrrell 001

The clues Hamilton’s F1 contract afterthought gives to his future Plus

The clues Hamilton’s F1 contract afterthought gives to his future

The Formula 1 world reacted with surprise when it learned Lewis Hamilton’s long-awaited new Mercedes deal guarantees his presence on the grid only until the end of 2021. Both parties claimed publicly they were happy with the arrangement but, asks MARK GALLAGHER, is there more to it than that?

Formula 1
Apr 17, 2021
How a harshly ejected Red Bull star has been hooked by racing again Plus

How a harshly ejected Red Bull star has been hooked by racing again

Driver-turned-DJ Jaime Alguersuari lost his love for motorsport when he was booted out of Formula 1 just as he was starting to polish his rough edges. Having drifted from category to category then turned his back on racing altogether in 2015, he’s come full circle and is planning a return in karts for fun

Formula 1
Apr 17, 2021
Why Mercedes isn't confident it's really ahead of Red Bull at Imola Plus

Why Mercedes isn't confident it's really ahead of Red Bull at Imola

While Mercedes struck back against Red Bull by topping the times at Imola on Friday ahead of the Emilia Romagna Grand Prix, the overall picture remains incredibly close. Despite having a possible edge this weekend, the reigning Formula 1 world champion squad is not taking anything for granted...

Formula 1
Apr 16, 2021
What Mercedes must do to keep its F1 title challenge on track Plus

What Mercedes must do to keep its F1 title challenge on track

Mercedes may find itself leading the drivers' and constructors' standings after Lewis Hamilton's victory in the Bahrain Grand Prix, but it is well-aware that it came against the odds, with Red Bull clearly ahead on pace. Here's what the Brackley team must do to avoid its crown slipping

Formula 1
Apr 16, 2021
Why Tsunoda can become Japan’s greatest F1 talent Plus

Why Tsunoda can become Japan’s greatest F1 talent

While Japan's fever for motor racing is well-documented, the country has yet to produce a Formula 1 superstar – but that could be about to change, says BEN EDWARDS

Formula 1
Apr 15, 2021
Why the demise of F1's hypocritical spending habit is cause for celebration Plus

Why the demise of F1's hypocritical spending habit is cause for celebration

For too long, F1's richest teams have justified being able to spend as much as they want because that's the way they've always conducted their business. STUART CODLING says that's no reason not to kick a bad habit

Formula 1
Apr 14, 2021
The double whammy that is defining Vettel’s F1 fate Plus

The double whammy that is defining Vettel’s F1 fate

It's been a tough start to Sebastian Vettel's Aston Martin F1 career, with a lack of pre-season testing mileage followed by an incident-packed Bahrain GP. But two key underlying factors mean a turnaround is not guaranteed

Formula 1
Apr 14, 2021