iSport International, currently racing in the GP2 series, is reportedly bullish on its chances of taking a step up to the pinnacle of motorsport according to Motorsports-Magazine.com.
I aim to give a few people in F1 a kick up the backside and to show them that they are chucking money out of the window for nothing, team boss Paul Jackson told the publication.
Any decision to enter Formula One will however depend on the budget restraints being in place for next season with FIA President Max Mosley keen to see spending capped at Ł30 million a season.
Such a figure would mean massive changes for current ten teams as they that spend many times that level, leading Jackson to conclude that it would be better to start a new team rather than merging with an existing outfit.
The existing teams aren't structured to operate within a 30-million budget, said Jackson. So it would probably be better to start with a blank sheet. We're accustomed to doing a great job on limited resources."
It will be very interesing.