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11th June 2008

Barry Walsh, the owner of the Wellingborough, UK based Ultimate Motorsport team which races in the UK Formula Three championship is reported to have discussed buying a shareholding in Scuderia Toro Rosso Formula One team.

The autosport.com website quoted Walsh as saying, "We are in negotiations so I can't reveal too much about it until everything is final. We always set out with Formula One as the target. I would only have got involved in the project in the first place if I was confident we could take it all the way to F1, that is the aim.

However, Gerhard Berger who owns a 50% stake in STR told the Austrian news agency APA that he has "never heard" of Ultimate Motorsport and that he has "never spoken" with anyone connected with the team.

The German website motorline.cc quotes a Red Bull spokeswoman who also denies the story.

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