Tiago Monteiro, the former formula one driver from Portugal, is reportedly in talks to buy a GP2 team.
The 32-year-old, who raced for the Silverstone based Jordan and Midland teams in 2005 and 2006, has been linked in internet reports with a buyout of the struggling Spanish team BCN Competicion.
In response to the speculation, Barcelona based BCN confirmed in a statement that it is "discussing a commercial operation that will be decided before end of November 2008".
Monteiro, now racing in the world touring car championship for SEAT, famously drove to the podium at the highly controversial six-car US grand prix of 2005.
