Alex Wurz seeking to become Formula One team boss

Former racer Alex Wurz is hoping to become a Formula One team boss after submitting an entry for 2010 with the support of wealthy Austrian businessman Christian Baha.

The 35-year-old Austrian, who competed in 69 grands prix and last raced for former champions Williams in 2007, told the autosport.com website that the Team Superfund project was serious.

"I was always interested in going into team management, even when I was racing in F1," he said.

"Christian and I have talked about doing this for many years. When we saw that through budget caps and natural market conditions, the cost of running a team was going to come down, we saw it as an opportunity," he added.

Wurz said that Baha, founder of investment company Superfund that has sponsored teams and drivers in the past, was backing the team personally and they planned to use an engine provided by Cosworth.

He added that plans remained fluid while the 2010 rules remained up in the air, with the Formula One Teams Association (FOTA) demanding the governing FIA scrap plans for a £40 million budget cap next year.

"Nothing can be fully decided until it becomes clear what we are allowed and not allowed to do for 2010 and years to follow," said the Austrian.

The FIA has said there would be space for three new teams if all the existing ones remain.

Other known would-be newcomers include Prodrive, run by former Benetton and BAR boss David Richards, Lola, Litespeed, a Spanish Campos Meta team run by former racer Adrian Campos, and an American-based US F1 entry.