Flavio Briatore.

THE ASSOCIATED PRESS

MILAN, Italy -- Former Renault principal Flavio Briatore says he has left Formula One for good, despite having a lifetime ban from the series overturned.

The 59-year-old Briatore told Friday's La Gazzetta dello Sport that he has no plans to buy a team in the future saying, "I rule it out 100 per cent."

Briatore was found guilty of race-fixing by FIA last September for allegedly ordering Renault driver Nelson Piquet Jr. to deliberately crash to help teammate Fernando Alonso win the 2008 Singapore Grand Prix.

However, the ruling was overturned by a Paris court in January. FIA has appealed that decision.