There's news in this week's Autosport that the series is being relaunched. Delta Motorsports head the group working on "the Masters Concept" and they are in final negotiations with investors. The original chassis will be used with a new engine, perhaps a 600bhp turbo.
A quick trip to the old GPM website shows the new series could well be called 'F1 Masters', which suggests it may have the approval of Bernie.
Autosport's news item highlights the fact that Jacques Villeneuve has "put himself forward to race" in the revived series, which will be dropping the minimum age limit of 45.
