Hot on the heels of winning their first ever British F3 races at Snetterton last weekend, Ultimate Motorsport have been linked to a buy out of shares in the Scuderia Toro Rosso Formula One team.
STR co-owner Dietrich Mateschitz has put his half of the team up for sale and it has been confirmed that Ultimate Motorsport are one of the parties that are in the advanced stages of putting together a serious offer.
It has been no secret that Ultimate Motorsport team principal Barry Walsh has aspirations to build a structure to bring drivers through from the bottom to the top of the sport and this has been underlined with Esteban Guerrieri's recent move from British F3 to the World Series by Renault Series.
Barry Walsh told Autosport.com on Tuesday: "We are in negotiations so I can't reveal too much about it until everything is final. We always set out with Formula One as the target. I would only have got involved in the project in the first place if I was confident we could take it all the way to F1, that is the aim. If our plans go the right way, I'd like to think we could be on the grid for 2009. The aim is to have the whole structure, with the academy from karting, through Formula Three and the World Series, and Formula One at the top."