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15 August 2010  
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Durango boss confident over F1 bid 
 28/07/2010
 
 
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Durango team manager Ivone Pinton says he is confident his joint venture with Jacques Villeneuve will be granted the 13th slot on the Formula 1 grid.

Former world champion Villeneuve has joined forces with the Italian squad and will compete against the likes of the American Cypher Group and Stefan GP for the final place in next year’s championship.

Durango dropped out of GP2 at the end of 2009 due to financial problems but Pinton has revealed that the team is already working on the assumption that it will get an entry into F1.

"We aren't assured to be in yet, but we are working as if we will be at the start of the 2011 season," Pinton told Autosprint magazine. "Durango has an FIA constructor's license, so we don't need certifications should we decide to work autonomously.

"Obviously I can't yet reveal all the contacts we have, but I can say that, on the economics side, the group of backers is very mixed and geographically it comes from different places – for example a Libyan company interested to get into F1."

He added: "When both myself and Jacques Villeneuve reciprocally learned we both lodged entries, we spoke to each other immediately and the needs of both parties were the same.

"We both had letters of intent from partners and backers, but not enough to support the single projects. By putting everything together instead, we've been able to put the pieces of the puzzle together and that allows us to look at the future with a good dose of optimism."
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