Formula One news

A1GP boss interested in buying F1 team

A1 Grand Prix boss Tony Teixeira says he is interested in buying into Formula One after he finalised a deael with Ferrari to supply engines to the World Cup of Motorsport series from 2008 onwards.

"I'm looking around and have been speaking to two or three different teams that might be up for sale," Teixeira told Reuters. "If I find the right deal that makes sense at the right price and I can get up to the top ten positions in F1 then I'll conclude a deal."

"I'm not going to do it to come last," the South African businessman added. "Toro Rosso is one of the teams."

He added that he was also interested in Spyker but stood aside for Vijay Mallya and Michiel Mol.

more news

• 09 Jan.
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  • Toro Rosso confirm Buemi
  • Technical reshuffle at Red Bull
  • Klien still optimistic of race seat
  • Kubica named Polish sports personality of the year
  • Richards out of Honda running
  • Donington gains planning permission
• 08 Jan.
  • FOTA agrees cost-cutting plans
  • De la Rosa still aiming for race seat in F1
  • A dozen parties interested in Honda
  • Mosley not done yet with cost cuttings
• 07 Jan.
  • Ecclestone reveals September deadline for Donington
  • Ferrari willing to supply 'Honda' with engines
  • Brawn says Honda won't test before season
• 06 Jan.
  • Ferrari to use electronic pitstop system in 2009
  • Kubica to start karting team
  • Webber's recovery going well
  • Ferrari to reveal new car next week
  • Stewart hits out at Ecclestone and Mosley
• 05 Jan.
  • Red Bull's RB5 to debut in February
  • Suspended sentence and fine for Verstappen
  • Berger confirms Buemi for STR
• 04 Jan.
  • Kubica expecting more accidents
• 03 Jan.
  • Encouraging news for Donington
• 02 Jan.
  • Di Resta still hopeful of F1 drive
  • "Title loss would have damaged Hamilton's reputation"
• 01 Jan.
  • Hakkinen supports medals system
• 31 Dec. '08
  • Kubica: Next year is a big challenge
  • Hakkinen: Vettel will soon be a Formula 1 champion
  • Hamilton receives MBE award
  • Heidfeld expects more accidents in 2009
• 30 Dec. '08
  • Hamilton to join Madame Tussauds
  • Ecclestone: Button should take a sabbatical
  • Manager: Alonso would love to join Ferrari one day
  • Changes at Toro Rosso
• 29 Dec. '08
  • Hamilton to miss victory parade in Woking
  • Alonso to join Ferrari in 2011?
  • Mexican billionaire denies Honda bid
• 28 Dec. '08
  • Mexican buyer for Honda?
• 27 Dec. '08
  • F1 drivers positive on Algarve circuit

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