Jaime Alguersuari believes Formula 1 is "an auction" after failing to secure a seat for the forthcoming season.
The 22-year-old Spaniard was released by Toro Rosso at
the end of the 2011 campaign and spent last season as Pirelli's tyre
tester while working as a summariser for BBC Radio 5 Live.
He claims he was assured of a seat
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