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Monteiro confirms GP2 acquisition plans.

Tiago Monteiro has admitted he is in talks to become the owner of a GP2 Series team in 2009, but stresses no formal deal is ready to be announced.

Reports have linked the former Formula 1 driver to buying out struggling Spanish outfit BCN Competicion, which is reputed to be the least funded on the grid and is currently the only one of the 13 teams that hasn't won a GP2 race yet.

The Portuguese driver, who scored one podium finish in two seasons of Formula 1 racing, has now confirmed he is in talks to become a team owner in 2009, but he insists it is not a done-deal.

"To cross over to the other side of pitwall and head the undertaking of a project such as this is very stimulating for a driver," the former Jordan and Midland F1 driver said.

"It means that I will need to find partners as well as sporting and commercial solutions that will guarantee that the company can be competitive. But even if the negotiations are well advanced, it is important that everyone understands that nothing is finalised."

Monteiro currently races in the World Touring Car Championship with SEAT. He heads to the final round of the season in Macau classified 12th in the standings with two wins to his name.

BCN yesterday claimed they are hoping to announce the commercial deal by the end of the month.


Related Pictures

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20.10.2006 Sao Paulo, Brazil, Tiago Monteiro (POR), Spyker MF1 Racing - Formula 1 World Championship, Rd 18, Brazilian Grand Prix, Friday Practice
2015 GP2 Series Round 7. Spa-Francorchamps, Spa, Belgium. Sunday 23 August 2015. Alexander Rossi (USA, Racing Engineering). Photo: Zak Mauger/GP2 Series Media Service
2015 GP2 Series Round 6. Hungaroring, Budapest, Hungary. Saturday 25 July 2015. Daniel de Jong (NED, MP Motorsport) Photo: Sam Bloxham/GP2 Media Service
2015 GP3 Series Round 5. Spa-Francorchamps, Spa, Belgium. Sunday 23 August 2015. Luca Ghiotto (ITA, Trident) Photo: Sam Bloxham/GP3 Media Service
2015 GP2 Series Round 7. Spa-Francorchamps, Spa, Belgium. Sunday 23 August 2015. Cars line up on the grid for the race. Photo: Sam Bloxham/GP2 Media Service
2015 GP2 Series Round 7. Spa-Francorchamps, Spa, Belgium. Sunday 23 August 2015. Alexander Rossi (USA, Racing Engineering), Jordan King (GBR, Racing Engineering) & Mitch Evans (NZL, RUSSIAN TIME) Photo: Sam Bloxham/GP2 Media Service
2015 GP3 Series Round 5. Spa-Francorchamps, Spa, Belgium. Sunday 23 August 2015. Luca Ghiotto (ITA, Trident) celebrates his win in parc ferme. Photo: Zak Mauger/GP3 Series Media Service
2015 GP3 Series Round 5. Spa-Francorchamps, Spa, Belgium. Sunday 23 August 2015. Luca Ghiotto (ITA, Trident) celebrates his win on the podium. Photo: Sam Bloxham/GP3 Series Media Service
2015 GP3 Series Round 5. Spa-Francorchamps, Spa, Belgium. Sunday 23 August 2015. Luca Ghiotto (ITA, Trident), celebrates on the podium with Esteban Ocon (FRA, ART Grand Prix) and 4. Photo: Sam Bloxham/GP3 Series Media Service
2015 GP2 Series Round 7. Spa-Francorchamps, Spa, Belgium. Sunday 23 August 2015. Alexander Rossi (USA, Racing Engineering) leads Jordan King (GBR, Racing Engineering) and the rest of the field at the start. Photo: Sam Bloxham/GP2 Media Service
2015 GP2 Series Round 7. Spa-Francorchamps, Spa, Belgium. Sunday 23 August 2015. Alexander Rossi (USA, Racing Engineering) celebrates on the podium with Jordan King (GBR, Racing Engineering). Photo: Sam Bloxham/GP2 Media Service
2015 GP3 Series Round 5. Spa-Francorchamps, Spa, Belgium. Sunday 23 August 2015. Matthew Parry (GBR, Koiranen GP) crashes into a wall. Photo: Sam Bloxham/GP3 Series Media Service
2015 GP3 Series Round 5. Spa-Francorchamps, Spa, Belgium. Sunday 23 August 2015. Luca Ghiotto (ITA, Trident) crosses the line to take the win. Photo: Sam Bloxham/GP3 Series Media Service
Spa-Francorchamps, Spa, Belgium. Saturday 22 August 2015. Race One Press Conference. Emil Bernstorff (GBR, Arden International), Esteban Ocon (FRA, ART Grand Prix) and Marvin Kirchhofer (GER, ART Grand Prix). Photo: Zak Mauger/GP3 Series Media Service.
2015 GP2 Series Round 7. Spa-Francorchamps, Spa, Belgium. Saturday 22 August 2015. The Safety car is deployed Photo: Sam Bloxham/GP2 Media Service
2015 GP2 Series Round 7. Spa-Francorchamps, Spa, Belgium. Thursday 20 August 2015. Daniel de Jong (NED, MP Motorsport). Photo: Zak Mauger/GP2 Series Media Service.
Spa-Francorchamps, Spa, Belgium. Saturday 22 August 2015. Esteban Ocon (FRA, ART Grand Prix) celebrates his win in Parc Ferme. Photo: Sam Bloxham/GP3 Series Media Service
Spa-Francorchamps, Spa, Belgium. Saturday 22 August 2015. Esteban Ocon (FRA, ART Grand Prix), leads Emil Bernstorff (GBR, Arden International), Kevin Ceccon (ITA, Arden International) and the rest of the field at the start of the race. Photo: Zak Mauger/GP3 Series Media Service.

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