F3 team to buy into Toro Rosso?

British Formula 3 team Ultimate Motorsports are in talks with the Toro Rosso team about buying the part of the team that is up for sale. Team boss Barry Walsh confirmed the talks with autosport.com that the talks are happening, but details about the talks are still hush-hush.

"We are in negotiations so I can't reveal too much about it until everything is final," Walsh said. "We always set out with Formula One as the target. I would only have got involved in the project in the first place if I was confident we could take it all the way to F1, that is the aim. If our plans go the right way, I'd like to think we could be on the grid for 2009. The aim is to have the whole structure, with the academy from karting, through Formula Three and the World Series, and Formula One at the top."

Sounds like some pretty big plans for a team that won their first Formula Three race only a week ago.

Ultimate in talks to buy Toro Rosso (Autosport.com)