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New American outfit interested in F1

American-based Cypher Group has signalled its intention to join Formula One next season as the 13th team on the grid.

After US F1's disastrous attempt to take part this season, Cypher Group said it comes to the sport wanting to "give America the shot it deserves" in Formula One. The company said it consists of "experienced F1 engineers, designers and businessmen" whose objective "is to create a successful US-based F1 team".

It added that it "recognises the significant challenges" of building a team in a short amount of time and will therefore "utilise 'best of breed' components throughout the car".

"In support of this strategy Cypher is in contact with established manufacturers of Formula One racing cars and components," read the statement. "Our aims are ultimately to be competitive and provide unrivalled access and interaction for our supporters whilst maintaining high standards of integrity and values, alongside creative out of the box thinking."

Cypher clarified that it has not yet lodged a formal entry to compete next year.

The outfit said it will only do so "should we achieve fully the budget we believe is necessary to do this properly. We are not in this to embarrass America, the fans or ourselves. We simply want to give America the shot it deserves."

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