Epsilon Euskadi will reapply to compete in Formula One in 2011, owner Joan Villadelprat has confirmed.
Epsilon applied for the 2010 season, but missed out on one of four slots, which went to Lotus, Virgin, Hispania (Campos) and the failed USF1 outfit.
“We were ready in June, we had the financial support, but for whatever reasons we were not chosen,” Villadelprat said.
It’s thought the reason Epsilon, along with Prodrive weren’t chosen because they intended not to use the Cosworth engine, but rather source an engine from Renault, Mercedes or Ferrari.
“We will reopen the project, and my job is to re-gather all of the support that we had,” he said, according to ESPNF1. “If the FIA gives us enough time to be ready for next year, we can be in F1.”
The FIA have just one open spot for a new team, but noted in a press release that they will also look to secure a reserve in the event a team fails between now and 2011.
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