NASCAR Cup Series

Virgin owner Branson believes F1 needs new teams

Published Feb. 27, 2010 7:47 a.m. ET

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Virgin Racing owner Richard Branson believes Formula One needs new teams despite recent criticism over whether the rookies will make the season-opening race in Bahrain.

Branson expects Virgin to eventually give Ferrari, which has been critical of F1's decision to allow four new teams onto the grid, ``a run for their money.''

Branson believes Virgin, which alongside fellow rookie Lotus is testing in Barcelona this weekend, will show a private team on a smaller budget can compete. Campos Meta and USF1 are also hoping to reach the March 14 opener.

Branson says he preferred to start ``from scratch'' and build a new team than continue working with last year's championship winner Brawn GP, which was eventually bought out by Mercedes.

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