Zoran Stefanovic's interest in launching a Formula One team ended last month despite reports suggesting that the Belgrade-based businessman has been one of the candidates that has been seeking a slot on the grid for next year.
Along with NASCAR team owner Gene Haas and former F1 team boss Colin Kolles, Stefanovic had registered with the FIA after motorsport's governing body published a call for expression of interest in December 2013 to "identify a candidate team to participate at a competitive level" in Formula One from the start of the 2015 or the 2016 season.
"But, there is a necessity to make clear about this situation and we have to say that Stefan Team withdrew the entry one month ago," Stefanovic told F1Pulse.com. "We cannot say more as we are under a non-disclosure agreement, and certainly there is no point anyway to speak about not yet finished business."
Formerly known as Stefan GP, the rechristened Stefan Team is based in Serbia.
Stefanovic refused to divulge any details about his plans, including the choice of engine supplier, the personnel involved or the drivers he had contacted.
"But, be sure that we have a strong and capable group of people with strong previous experience in F1," he pointed out. "Stefan Team will speak with drivers if we will be involved in F1 sometime in the future, and until then it is not serious to discuss that."
Stefanovic's last attempt to get into F1 came in 2010, which ended after he revealed that the governing body's selection process was too slow.
"We have no comments about any tender process we participate in, including this one," Stefanovic replied when asked if he was content with FIA's selection procedures this time.
The FIA has delayed its decision over the entry of a new team, due at the end of last month, with no indication regarding an alternative date, with Haas’ application believed to be the only serious bid so far.