Penske scotches Jordan rumours.

Mega-successful CART and IRL team boss Roger Penske has poured cold water on speculation linking him to a possible Formula One return via an investment in Eddie Jordan's eponymous grand prix team.

The ebullient Irishman has admitted that he looking to offload a portion of his team, and recently took on a new investment consortium from his homeland to replace Warburg Pincus. However, he has also revealed that he has no intention of quitting F1, so any deal would involve a clause allowing him to remain at the head of the team for the foreseeable future.

Mega-successful CART and IRL team boss Roger Penske has poured cold water on speculation linking him to a possible Formula One return via an investment in Eddie Jordan's eponymous grand prix team.

The ebullient Irishman has admitted that he looking to offload a portion of his team, and recently took on a new investment consortium from his homeland to replace Warburg Pincus. However, he has also revealed that he has no intention of quitting F1, so any deal would involve a clause allowing him to remain at the head of the team for the foreseeable future.

After running Ralph Firman to a new lap record in Macau last weekend, Jordan insisted that he was talking to some possible sponsors in the Far East, while suggestions that he is to test young Russian Vitaly Petrov and Czech Jaroslav Janis hint at switching his search for investment to behind the former iron Curtain.

However, the rumours involving Penske refuse to die down, causing the 13-time Indy 500 winning team owner to offer his own take on the situation.

"I don't really have any plans to return to F1," he said on SPEED Channel's Wind Tunnel with Dave Despain programme at the weekend, "Eddie Jordan talked to me about Gil de Ferran and the fact that he might be interested in Formula One, but that was the only comment. Maybe that was the tie-in [to the rumours that Penske was buying into Jordan]

"Gil obviously has not made that decision and will not be in Formula One - and we have no interest to go back at this point."

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