“It has also got to be financially viable. You expect to [have to] invest, but you also expect it to work. I just personally feel that the current environment is too unsettled.

“The cost-cutting process that has been put in place has not yet seen its full benefit, and I don't think it will be until 2010 that you will see those issues roll out properly.

“The teams have still got a burden of overheads that is unsustainable, so consequently, with the window of time for entry, I just question whether it is right at the moment. It will be a hard-headed business decision [to return to F1], not an emotive one when I make it.”

In response to the rumours regarding Fry's personal bid for Honda F1, a team spokesperson would only say: “We do not have any update or comments to make regarding potential buyers for the team, despite this and other recent press speculation.”