Toyota has "rejected" the idea of following the example of fellow carmakers Honda and BMW.
When Honda withdrew from F1, the Japanese carmaker agreed to hand over its Brackley based team to managers including Ross Brawn and Nick Fry for a symbolic British pound.
And when BMW made the decision to leave the sport, it was sold to the Qadbak consortium.
But team president John Howett said those options have "already been discussed and rejected" by the Toyota Motor Corporation.
"Maybe these ideas can be reopened but, at the moment, it would appear not," he told the Times.
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