Porsche: Money and Mosley add up to no-show.

Having already repeatedly denied that it was pursuing a potential return to Formula One, Porsche has found new reasons not to join motorsport's top flight.

Money has long been cited as one of the biggest barriers to the German supercar manufacturer joining rivals Ferrari in Formula One but, speaking in an interview with Stern magazine, company bosses have added the recent sex scandal involving Max Mosley to the list.

Porsche is currently negotiating the acquisition of a majority shareholding in Volkswagen - along with Audi, mooted as a potential F1 candidate over the years - but the chairmen of both companies have spoken out against plans to join the flagship series.

"300 million euros ...