Apr.29 (GMM) Flavio Briatore has played down the prospect of a return to Formula One.

Flavio Briatore with Elisabetta Gregoraci, Wife of Flavio Briatore
Flavio Briatore with Elisabetta Gregoraci, Wife of Flavio Briatore

Photo by: XPB Images

The flamboyant Italian left the sport amid disgrace and the 'crashgate' scandal, but in the wake of his lifted ban he has been linked several times with a return.

But Briatore, 63, told the British magazine F1 Racing: "I know everything that's going on and I know to have a team at this moment makes no sense financially.

"So, there is no reason for me to come back to F1.

"Now I have a son, three years old, I'm working 20 hours a day for different businesses, different investments, different situations, both here and over in America; I'm very happy," he added.