Dec.31 (GMM) The famous Brabham name could return to Formula One.

Former triple world champion Sir Jack Brabham, an Australian who is now 86, founded his eponymous team in 1960 and it later raced under Bernie Ecclestone's stewardship.

In 2009, a German automotive supply company, Formtech, claimed it now controls the Brabham team name and filed an official entry for the 2010 F1 season.

Sir Jackie Stewart and David Brabham Photo by: xpb.cc

But the Brabham family hit back, launching legal action to "protect the family name".

Jack Brabham's son David, a sports car racing specialist who contested 30 Grands Prix in the 90s, said: "Right now this is a very sensitive issue.

"But, yes, there is the possibility to bring the team back (to F1)," he told Brazil's Totalrace.

The Brabham team won two constructors' and 4 drivers' titles in the 60s and 80s, last racing with Damon Hill at the wheel in 1992.

David Brabham continued: "For now, we have a predicament behind the scenes, involving the rights of the name.

"It's 98 per cent resolved, and when it is 100 per cent we'll see what we can do."