Honda Racing F1 Team still for sale

Honda Racing F1 Team still for sale

Despite earlier reports that Mexican tycoon Carlos Slim HelĂș had saved Honda’s Formula One outfit, the British based team is still looking for a buyer.

Speaking to the Telegraph in the UK, Team Principal Ross Brawn said “We would love it if it were true, but it’s pure speculation from various members of the media. It’s just been one of those rumours which has developed a life of its own.”

However, Brawn remains hopeful a buyer is not far away, “There has been a huge amount of interest,” he said. “It’s now got to the stage where we need to filter out the serious from the not so serious. We’re all hopeful that something will happen.” It is believed two interested parties could be Indian industrialist Vijay Mallya and Prodrive’s Dave Richards, who now has more time on his hands after Subaru’s withdrawal from the WRC.

Brawn says the team is ready to start the season in late March, “We have enough funding to get us through to Melbourne and we still have a competitive package.”

Source: Telegraph.co.uk (Thanks to Lee for the tip.)