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Flavio Briatore has played down the prospect of a return to formula one.

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.

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