Villeneuve confirms Durango deal

Jacques Villeneuve has confirmed that he plans to return to F1 in a new partnership with the Italian Durango team.

Speculation has been mounting over the Canadian’s plans in recent months after it emerged he would have returned in 2010 if Stefan GP had won an entry.

Today the news emerged that he was involved with ex-GP2 squad Durango.

“There are a number of rumours circulating at the moment and I wanted to clarify a few things before this gets out of hand,” said Villeneuve.

“The team will be a joint venture with Durango, and based out of Italy. To be clear, right now all the money comes from corporate sponsorship, and not from personal investors.”

In an interview with this month’s F1 Racing magazine, the ’97 champ also said that he has “unfinished business” in the sport, although it is as yet unclear whether he considers himself a prospect for a race seat. His last outing in 2006 was unsuccessful.