'Brabham' to return to F1
Brabham Grand Prix have confirmed their entry for next year's Championship under German businessman Franz Hilmer.
Last Updated: 04/06/09 4:19pm
Brabham Grand Prix have confirmed their entry for next year's Championship, although it is not the team that won two Drivers' and four Constructors' titles between 1962-92 when they ran in F1.
German businessman Franz Hilmer holds the rights to the name, and last year bought the assets of the now defunct Super Aguri.
Hilmer, who will be team principal, confirmed in a statement: "The Brabham Grand Prix team has pleasure in announcing its application as a cost-cap Formula One team for the FIA 2010 Formula One world championship.
"We appreciate the FIA rules for cost-capped F1 teams and are convinced the budget limitation is a contemporary obligation and will effect a revitalisation of the Formula One World Championship.
"We would be happy to enter into Formula One as a cost-cap team and to meet the challenge under the new rules."
However, the family of Sir Jack Brabham are seeking legal advice after news that the 'Brabham' name could return to Formula One next season.
A statement released by Brabham Enterprises Limited read: "Sir Jack Brabham and the Brabham family have expressed their surprise at the recent news reporting that an entry has been submitted for the 2010 FIA Formula One World Championship by Formtech with the intention of operating as Brabham Grand Prix Limited.
"The family would like to make it clear that they are in no way involved with Brabham Grand Prix Limited and received no consultation regarding the company's plans to resurrect their historic name in Formula One.
"The family is taking legal advice and will take necessary steps to protect their name, reputation and its goodwill."