Honda uncertain on F1 buyout
Thursday 19 February 2009
Honda has warned that a disbanding of its Formula One team remains a possibility as negotiations continue with potential buyers.
The Japanese manufacturer announced its withdrawal from F1 in December amid the global economic slowdown and has since fielded interest from potential buyers in the team based in Brackley, England, without any firm announcements.
Reports from London this week said British tycoon Richard Branson's Virgin Group was a possible purchaser.
"It's true that we are pursuing several potential buyers," Honda spokesman Hiroyuki Murase said Thursday, declining to name interested parties. "But the team may still have to be disbanded if the negotiations fail."
Honda, which did well as an engine supplier in the sport in the 1980s, could not continue that success when it became a stand-alone team after buying out BAR Racing in 2005.
Japanese team Super Aguri, which was supported by Honda, also pulled out of F1 in the 2008 season.
England's Jenson Button and rookie Bruno Senna, nephew of three-time former champion Ayrton Senna, were considered the likely drivers should a buy-out occur in time to have the team ready for the 2009 season opener in Australia on 29 March.
The team would also need to find an engine supplier, with Mercedes considered the most likely candidate.
Paul Scholes: Manchester United vs Liverpool - I don't understand why Brendan Rodgers was not more attacking against Basel
Jesus Christ plays for Chelsea - that's what one in five children thinks
Transfer Talk: Nemanja Vidic to return to Manchester United; Hazard to leave Chelsea; Sunderland want Radamel Falcao
Frank Warren column: Don't bet on Amir Khan landing pay day against Floyd Mayweather
Manchester United transfer news: Kevin Strootman move edges closer
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food