The Brabham name, which is famous in the racing industry, is currently tied up in a legal dispute. In 1960, the Brabham team was founded by former triple world champion Sir Jack Brabham, who hails from Australia and is now 86. The team eventually entered races with the support of Bernie Ecclestone. But in 2009, Formtech (a German-based automotive supply company) made a claim that it controls the Brabham team name.
Formtech then submitted an official entry for the 2010 F1 season. Right away, the Brabham family launched a counter-attack. It filed legal action in order to guard its name. David, who is Jack Brabham's son and is a prominent sports car racing specialist who joined 30 Grands Prix in the 1990s, said that for now, this is a “very sensitive issue." However, he admitted that it’s highly possible for the team to reappear in F1.
David gave this statement to Brazil's Totalrace. In the 1960s and 1980s, the Brabham team won two constructors' and 4 drivers' titles. Its last race was in 1992 with Damon Hill at the wheel. David Brabham added that the name rights are currently being disputed but that it’s “98% resolved.”