Villeneuve tries to quash rumours

Jacques Villeneuve has made his first proper comment on his plans to set up an F1 team.

On Monday he refused to elaborate to this writer, but yesterday night he put out a short statement on his website, apparently in response to suggestions that Libyan Saadi Gaddafi was involved in the project.

The statement read: “There are a number of rumours circulating at the moment and I wanted to clarify a few things before this gets out of hand.

“The team will be a joint venture with Durango, and based out of Italy. To be clear, right now all the money comes from corporate sponsorship, and not personal investors.”

Intriguingly sometime soccer player Gaddafi has some connections with Tamoil, which is part owned by the Libyan Investment Authority. The company used to back Juventus and has been involved with motor sport in the past.

Villeneuve has his hands full this week as he is competing in the Brickyard 400.

5 Comments

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5 responses to “Villeneuve tries to quash rumours

  1. One unanswered question is why would ART, arguably were the most credible applicant withdraw their F1 bid because of “unfavourable economic conditions” if even Durango still fancy their chances?

    Is their any possibility a deal may have been done to buy the Sauber team? Peter Sauber moved quickly to deny this in May, but it is no secret he wants to move the team onto someone else for the future?

    We also need to know who will build the cars for Durango as it is unlikely they will do it alone. Toyota was their favourite option, but now they are rumoured to have reached a deal with Hispania on both the 2010 Toyota chassis and factory? ART also wanted a tie in with Toyota so has the fact Hispania got the deal affected their application withdrawal?

    Dallara is at least an experienced F1 car constructer and managed to build an F1 car for Campos/Hispania, something which USF1 failed to do. The on/off situation of the Hispania project mid season cannot have helped the design process and it was no secret the car was built in a rush job as Geoff Willis admitted.

    If Durango are serious in their application would they fancy an all Italian tie-in and give Dallara another chance? Where are Epsilon Euskadi to, arguably the second most credible applicant in all of this? I would love to know as this is getting very interesting!

    • There are a lot of unanswered questions surrounding the 13th team. One is why the FIA gave such a silly deadline – it should have been done and dusted weeks ago. We are already a month behind last year’s decision…

  2. CTP

    Yes, just because the money isn’t coming from “personal investors” doesn’t mean it isn’t coming from the Gaddafi family.
    I couldn’t care less if it is, frankly; Gaddafi nowadays is a different beast than he was in the ’80s.

  3. True, but this could be one colourful guy to have back in the sport. Little more grit, little less Lewis…

  4. paxdog57

    Your tweet on Villeneuve Durango initials will allow many potential sponsors to cover the bodywork for added protection :).

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