• 2010 Season

Stefan GP considers US F1 takeover

Serbian businessman Zoran Stefanovic has not abandoned his ambition for his Stefan GP team to race this season, according to a report on Autosport.

Stefanovic, whose team was refused a place on the grid by the FIA even though he claimed it was ready to replace US F1, is reported to be in talks with US F1 to buy it out and in so doing in effect gain entry that way. He hopes that once the takeover is completed, the FIA will allow him to begin racing immediately.

However, the FIA's stance appears to be that US F1's entry was cancelled when it failed to make the grid in Bahrain, and as a result even were Stefanovic to purchase the remains of the company that would not guarantee anything.

What is more, the FIA has said it is looking at imposing financial penalties on US F1 for its failure to be ready for the new season. With the company seemingly all but defunct, any penalties would be fairly pointless, but were Stefanovic to buy the team then, in theory, the FIA could impose the punishments on him, as the new owner, and yet still not allow him onto the grid.

© ESPN EMEA Ltd.

Feeds: ESPNF1 Staff

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