Aston Martin could enter F1

Former Benetton and BAR team boss David Richards is considering returning to Formula One next year providing a proposed cost cap is in place, he said today.

Richards is chairman of British sportscar maker Aston Martin, majority owned by Kuwait's Investment Dar, as well as engineering company Prodrive. He would not confirm what name his entry might adopt.



"We are very serious about entering Formula One in 2010 providing that it is commercially viable and there is the potential to be fully competitive," Richards said in a statement.



"On the commercial side we would want a situation where the sort of budget you would need to be competitive would be sensible," he added.



"And we would expect to see a reasonable return on our investment in the longer term.



"We would also want the rules to be such that they provide the potential for us to be fully competitive. We would not want to be in Formula One just to make up the numbers," added Richards, whose former driver Jenson Button is leading the championship ahead of Sunday's Bahrain Grand Prix.



Aston Martin, a marque linked as much to fictional spy hero James Bond as motor racing, has never before ventured into Formula One.



Prodrive, who ran Subaru's world rally team until the manufacturer pulled out this season, had been due to enter Formula One in 2008 but withdrew due to uncertainty over future regulations.



Richards said that gave him a headstart on planning, with that project and key personnel ready to be "switched back on".



The new 150-strong team would use either a Cosworth engine of one provided by a current manufacturer and could be housed in Prodrive's Banbury headquarters using the space left by the rally programme.



Some teams competed with budgets of more than $300 million last season but the governing International Automobile Federation has proposed an optional budget cap of 30 million pounds ($43.69 million) next year.



Those accepting it would be granted greater technical freedom compared to the restrictions imposed on teams opting to continue with unlimited budgets.



Richards said there was "the basis for a real revolution in the sport", rewarding those with the most ingenious engineers and best organisation rather than the most money.



"Assuming that the new rules are commercially viable and there is the potential to be fully competitive, then we are ready to press the go button," he said.



Formula One has three vacancies after the failure of Super Aguri last year. Several parties have shown interest in entering in 2010, including renowned British chassis maker Lola and a U.S.-based team.



Have you tried new the Independent Digital Edition apps?
Caption competition
Caption competition
Latest stories from i100
Daily Quiz
Have you tried new the Independent Digital Edition apps?
SPONSORED FEATURES
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Career Services

Day In a Page

Giants Club: After wholesale butchery of Idi Amin's regime, Uganda’s giants flourish once again

Uganda's giants are flourishing once again

After the wholesale butchery of Idi Amin's regime, elephant populations are finally recovering
The London: After 350 years, the riddle of Britain's exploding fleet is finally solved

After 350 years, the riddle of Britain's exploding fleet is finally solved

Archaeologists will recover a crucial item from the wreck of the London which could help shed more light on what happened in the vessel's final seconds
Airbus has patented a jet that could fly from London to New York in one hour

Airbus has patented a jet that could fly from London to New York in one hour

The invention involves turbojets and ramjets - a type of jet engine - and a rocket motor
10 best sun creams for kids

10 best sun creams for kids

Protect delicate and sensitive skin with products specially formulated for little ones
Tate Sensorium: New exhibition at Tate Britain invites art lovers to taste, smell and hear art

Tate Sensorium

New exhibition at Tate Britain invites art lovers to taste, smell and hear art
Ashes 2015: Nice guy Steven Finn is making up for lost time – and quickly

Nice guy Finn is making up for lost time – and quickly

He was man-of-the-match in the third Test following his recall to the England side
Ashes 2015: Remember Ashton Agar? The No 11 that nearly toppled England

Remember Ashton Agar?

The No 11 that nearly toppled England
Turkey-Kurdish conflict: Obama's deal with Ankara is a betrayal of Syrian Kurds and may not even weaken Isis

US betrayal of old ally brings limited reward

Since the accord, the Turks have only waged war on Kurds while no US bomber has used Incirlik airbase, says Patrick Cockburn
VIPs gather for opening of second Suez Canal - but doubts linger over security

'A gift from Egypt to the rest of the world'

VIPs gather for opening of second Suez Canal - but is it really needed?
Jeremy Corbyn dresses abysmally. That's a great thing because it's genuine

Jeremy Corbyn dresses abysmally. That's a great thing because it's genuine

Fashion editor, Alexander Fury, applauds a man who clearly has more important things on his mind
The male menopause and intimations of mortality

Aches, pains and an inkling of mortality

So the male menopause is real, they say, but what would the Victorians, 'old' at 30, think of that, asks DJ Taylor
Man Booker Prize 2015: Anna Smaill - How can I possibly be on the list with these writers I have idolised?

'How can I possibly be on the list with these writers I have idolised?'

Man Booker Prize nominee Anna Smaill on the rise of Kiwi lit
Bettany Hughes interview: The historian on how Socrates would have solved Greece's problems

Bettany Hughes interview

The historian on how Socrates would have solved Greece's problems
Art of the state: Pyongyang propaganda posters to be exhibited in China

Art of the state

Pyongyang propaganda posters to be exhibited in China
Mildreds and Vanilla Black have given vegetarian food a makeover in new cookbooks

Vegetarian food gets a makeover

Long-time vegetarian Holly Williams tries to recreate some of the inventive recipes in Mildreds and Vanilla Black's new cookbooks