Villeneuve confirms working on F1 project

Third placed Jacques Villeneuve (CDN) Williams celebrates becoming the World Champion with the Williams team. European Grand Prix, Rd 17, Jerez, Spain, 26 October 1997.

Jacques Villeneuve celebrates winning the 1997 F1 Worold Championship

Jul.16 (GMM) Jacques Villeneuve on Friday confirmed he is working on a “F1 project”.

Earlier, the 1997 world champion and his spokeswoman declined to confirm reports he is bidding to return to the grid next year with ‘Villeneuve Racing’.

“I’ve never made it a secret that I’m working hard on an F1 project,” the 39-year-old French Canadian 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,” said Villeneuve.

And his manager Rick Gorne, involved in the establishment of Brackley based BAR in 1999, added: “There is an element of truth in the rumours.

“F1 is a possibility — he does have the intention to get back. It’s a project we’re working on.”

The FIA did not comment on suggestions Villeneuve Racing is among three teams being considered for the last place in the 2011 pitlane.