"Formula One is the pinnacle of motor sport and if I'm going to drive competitive again, I'd like to look at that formula before looking at anything else," Mansell said Monday.
Mansell said he has declined offers with several lower-ranking Formula One teams. He admitted the top teams seemed to have their driving teams set for next season.
"If I just wanted to accept a drive I could have had five different drives since April," he said. "But I want to drive where I feel I can compete and win. And we all know in Formula One there are only two or three drives that really have a chance to win."
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