Sep.9 (GMM) Joan Villadelprat insists he is not giving up on bringing his Spanish Le Mans team Epsilon Euskadi into formula one.

After the FIA said on Wednesday it has decided to leave the 13th team entry vacant for now, Jacques Villeneuve said his partnership with Italian outfit Durango will now try to enter the sport by buying into an existing team.

Villadelprat, boss of the only other applicant, has adopted a similar stance.

"The 13th license was one way but not the only way to get into formula one," he said.

Villadelprat admitted recently that it had not managed to accrue a full financial package for his F1 team.

"Without this capital it would be unfeasible to carry out the F1 project that we want," he acknowledged on Wednesday.

"We have the ideal facilities and workforce for formula one and we will keep working to get there sooner or later," he added.

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