Pamela Anderson 'becomes owner of motor racing team'

Former Baywatch actress Pamela Anderson has reportedly become the owner of a new motor racing team.

The 46-year-old is believed to have been appointed as the team principal of a new FIA GT outfit called Race Alliance by Pamela Anderson.

Anderson's team will be fronted by former Formula 1 driver Vitantonio Liuzzi and son of ex-world champion Niki Lauda Mathias, according to the Daily Mail.

The team will make their competitive debut in Slovakia this weekend.