Irvine still aiming for F1
According to reports in the Irish media, Eddie Irvine has not given up on the idea of running his own F1 team, far from it.
The Irish Independent reports that Irvine, with the financial backing of Russian billionaire Roustam Tariko, Irvine hopes to have a team on the grid in 2008.
"We are looking at starting a team from scratch as there are no teams for sale at the minute," Irvine told the Irish newspaper. "It will be a great challenge, but Roustam wants to do it and we've got the money.
"Roustam needs the branding that F1 can bring him," added the Ulsterman. "He wants a Russian team and he wants to take his brand and turn them into world brands.
"It's not going to be easy," he admitted. "It is going to be very, very difficult. But if I go back into F1 I am going to be married to it for a long time. It is definitely a challenge I want to go with."
Though Tariko might well "want to do it", our sources tell us that there are certain obstacles in the way.
At the time that Minardi was up for grabs in late 2005, Irvine and Tariko looked set to buy the Italian team, and it is believed that the money available. However, so we hear, a certain F1 person - small in stature but big when it comes to clout - didn't particularly fancy the idea of Irvine back in the pitlane.
Consequently, even though Dietrich Mateschitz already owned an F1 team (Red Bull) and was offering less money than Irvine's 'consortium, it was the Austrian who got the nod.
In addition to having made a good living out of F1, Irvine has made a fortune out of property, however the Ulsterman is not known for his generosity, his sizeable wallet rumoured to be home to a colony of rare moths.
Tariko is a wealthy man, and still in his early-forties.
As a student, the Russian made a living by finding hotel rooms for visiting Italian businessmen, subsequently going into the import business, first with candy and then alcoholic drinks such as Martini.
He then founded his own vodka company, Russian Standard Vodka, which soon became one of the country's best selling brands, and then, in 2000, formed a bank which he named after the vodka, Russian Standard Bank. Within four years the bank was reporting profits in excess of £20m.