Three F1 teams for sale

The boss of the A1GP series has confirmed that he is interested in buying the formula one team Toro Rosso.

Tony Teixeira, a South African businessman, this week reached a long term deal with Ferrari for the supply of engines and car design consultancy for the so-called World Cup of Motorsport starting next year.

A few days earlier, it was rumoured that Ferrari, supplier of customer engines to Faenza based Toro Rosso, was considering bolstering its alliance with the team by also supplying an identical chassis to effectively form a satellite outfit. It was also rumoured that Ferrari's recent talks with Teixeira involved a possible arrangement that he buy into Toro Rosso, which is currently co-owned by Gerhard Berger and Red Bull's Dietrich Mateschitz and almost constantly linked with prospective buyers throughout the 2007 season.

We reported in August that, like Vijay Mallya who has now bought Spyker, Teixeira was eyeing the small Dutch squad and also Super Aguri.

"I am looking around," Teixeira confirmed to the news agency Reuters on Thursday.

"I have been speaking to two or three different teams that are maybe available for sale. Toro Rosso are one of them."