Jun.10 (GMM) A British F3 team has set its sights on entering formula one in the near future.
Northamptonshire based Ultimate Motorsport, in only its second year of competition in 2008, is reportedly in talks with Toro Rosso about taking over Red Bull magnate Dietrich Mateschitz's 50 per cent share.
The outfit, with stated ambitions to "climb the motorsport ladder", already runs with sponsorship and branding by Sonangol, a partially state-owned oil company in Angola.
Earlier, it was reported that Ultimate wanted to go it alone in formula one as early as 2009, but was relying on a green light to run customer cars.
It was said the outfit is closely following the current negotiations about a new Concorde Agreement, the now lapsed and delayed contract between F1's teams, Formula One Management (FOM) and the FIA.
Written: Tue, 10 Jun 2008 16:18:13
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