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Villeneuve Racing submits F1 entry
Former world champion Jacques Villeneuve could return to Formula One as a team owner or driver next year after he revealed he had submitted an entry for Villeneuve Racing to become the 13th team on the 2011 grid.
The 39-year-old has cleared technical and financial checks in his bid to get back into the sport he loves.
"I've never made it a secret that I'm working hard on an F1 project," Villeneuve told BBC Sport. "But I've not discussed the details or what my plans were and I won't be drawn on it now. I'm not commenting."
Villeneuve, who last competed in F1 in 2006, refused to reveal whether he planned to return as a driver, a team owner, or both. At the start of this season, he agreed to race for Stefan Grand Prix only for governing body the FIA to reject the Serbian team's application to take the place of the defunct US F1 team on the grid.
The FIA is expected to make a decision on the 13th team at the end of the month with Villeneuve Racing believed to be one of three outfits in the running for the vacant slot.
Villeneuve is also competing in the US-based Nascar series, and said he was "working as hard as ever" at that programme at the moment.