Former GP2 teams' champion iSport has moved to make it clear that it has no solid plans to make an entry into the 2010 Formula 1 World Championship until it knows exactly what the FIA's plans are to cap budgets.
Following widespread stories on the internet, team principal Paul Jackson told AUTOSPORT that his views at the weekend had been misrepresented.
He is waiting for Wednesday's FIA World Motor Sport Council meeting, when it is expected that the future plan for a budget-capped F1 will be unveiled.
"For many years I've said if the conditions were right and the numbers made sense, then we'd enter F1," said Jackson. "The budget cap could be the perfect opportunity for us, but until we find out what the magic number is, I don't know if it's do-able or feasible.
"When it's all in print, we'll look at it, start doing our sums and talking to potential investors. Until then, it's all speculation but there have been a few outrageous stories about us doing it."Of course we'd like to do it, and I think we can do a good job in F1, especially as we'd be working our team up to a budget cap, whereas the others would be coming down. But there's no way we could come in and take on the big boys. We'd simply be aiming to break in to the top 10."
iSport ran Timo Glock to the GP2 title in 2007 and Bruno Senna to the runner-up spot behind Giorgio Pantano last season.
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