Temperatures in July have gone high and so speculations about the incoming Villeneuve - Durango F1 team. Latest rumours, have introduced that one of Villeneuve's backers is Al-Saadi al-Gaddafi, the 37-year-old son of Libyan leader Colonel Gaddafi. Al-Saadi al-Gaddafi who has close ties to the Libyan state-owned oil company Tamoil, is best known as a businessman and professional football player.In order to hault such rumors, Villeneuve was obliged to take action and he reported to his official website that there are no private investors in the project, denying the Gaddafi speculation.
"There are a number of rumours circulating at the moment and I wanted to clarify a few things before this gets out of hand. The team will be a joint venture with Durango, and based out of Italy. To be clear, right now all the money comes from corporate sponsorship, and not from personal investors."
