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.