Virgin Racing chief executive officer Graeme Lowdon has denied speculation the squad is on the verge of taking over the premises previously occupied by the now defunct Arrows and Super Aguri F1 teams.

Rumours linking Virgin to Leafield began circulating last week after the squad parted company with technical director Nick Wirth [see separate story - click here]. News of Wirth's exit was of little surprise given how badly the team has started the F1 2011 campaign, but with the squad's design and technical base in Banbury at Wirth Research, it appears more change may be on the way.

Speaking to Sheffield's The Star newspaper though, Lowdon insisted there is no pressure for them to make an immediate decision.

"We are always evaluating our options but we have had no discussions with them [at Leafied]," he said. "It is way too early to make any decisions on that. We are reviewing everything and looking at what the best solution is going forwards.

"The business is growing and we are getting bigger all the time but we have not decided anything yet. In the long term, it depends on what is right for the team," Lowdon summed-up.