The new Malaysian-owned Lotus F1 team is believed to be chasing a sponsorship deal with Petronas - the current backers of BMW-Sauber.

Having secured a slot on the grid for the 2010 season - at BMW-Sauber's expense - Lotus is now working on putting together its programme for a return to the sport, with talks taking place with state owned oil company Petronas about being involved.

"We would love Petronas to sponsor us," Lotus boss Tony Fernandes was quoted as saying over the course of the weekend in Singapore.

As well as courting Petronas, Lotus is also believed to have offered a role to Malayasian ex-F1 driver Alex Yoong - who was a guest with the team in Singapore.

In an update to his Facebook page, the former Minardi driver stated that he had been 'offered a job with Lotus F1' before adding that the role within the team was 'not for driving as it would send out all the wrong message'.

Yoong added that the drivers chosen have to be the best that could be found.


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