Schumacher 'could start F1 team'

Schumacher is being tipped to launch a successful new team

Michael Schumacher could launch his own Formula One team when his contract at Ferrari expires at the end of the season, according to Eddie Jordan.

The German, 37, has made it clear he would like to maintain some involvement in the sport when he decides to retire.

And Jordan, who gave Schumacher his F1 debut in 1991, believes the seven-time champion is already planning a launch.

He told F1 Racing magazine: "I believe the idea of Michael starting his own team is being discussed."

Jordan believes Schumacher's reputation would make him a powerful name in the sport, adding: "Michael would open doors that other people find locked.

"I wouldn't be surprised if he encouraged Volkswagen - perhaps using their Audi brand - to come to Formula One."