The Brabham name could return to Formula 1 next year after a German businessman confirmed he had used the moniker in an entry he had lodged to the 2010 World Championship.
Franz Hilmer, who bought the assets of the defunct Super Aguri outfit last year, has tied up with former staff from the Leafield, UK-based outfit to try and compete in F1 next year. In a statement issued on Thursday, it was confirmed that Hilmer plans to link up with the previously talked about Formtech company to run under cost cap regulations.
"The Brabham Grand Prix team has the pleasure to announce its application as a 'Cost Cap Formula 1 Team' for the FIA 2010 Formula 1 World Championship," explained the statement. "We appreciate the FIA rules for cost capped F1 teams and are convinced that the budget limitation is a contemporary obligation, and will effect a revitalization of the Formula 1 World Championship.
"We would be happy to enter into Formula 1 as a Cost Cap Team and to meet the challenge under the new rules."
The team's technical director will be Mark Preston, who had a similar role for Super Aguri. The outfit will also be based at the team's former Leafield headquarters. Brabham claims that it has already secured a majority of its sponsorship requirements to compete from 2010 to 2012.Related story:Brabham family unimpressed by news