Ron Dennis has admitted that the Grand Prix World Championship (GPWC) remains an option, despite claims that it is virtually 'dead and buried'.

Asked where the GPWC stands, indeed whether it still exists, Dennis replied: "I am no better informed than any of the other team principals. "However, I understand it's moving forward and it seems to be evolving into a different entity but still with the same name.

"Obviously the more options the teams have the better," he continued, "and at some stage in the future maybe there will be a choice between one series or another.

"I think it's highly unlikely that common sense won't prevail," he added, "and there will be one entity but time is almost the dangerous element in this because we don't have any decisions to take until the end of 2007. So unless everybody agrees, that is currently a signatory to the Concorde Agreement, we will be running rules, regulations and commercial terms through to the end of that season.

"Therefore anything that takes place will have to be through a process of unanimity which I sometimes doubt is ever possible in Formula One."