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Honda Boss Upbeat over Team Sale
    2008-12-05 21:24:31     Xinhua
Honda Racing boss Nick Fry said on Friday that three potential buyers for the Formula One team have emerged since the Japanese company said they were pulling out.

Honda revealed on the same day that they were quitting for financial reasons.

"In the last 12 hours we've had three serious people come and suggest they'd like to buy the team," he told the BBC.

"We're one of the best-funded teams and have the best assets and resources in the pit lane - we'll be quite a desirable asset for somebody.

"Clearly, more success on the track would have been nice but it's a bigger picture issue and this year we've been developing a car for next year."

Despite a sizeable budget, Honda have struggled in recent years, their sole victory of the modern era coming at the Hungarian Grand Prix in 2006.

But Honda's investment in the project means the team - based in Brackley, Northamptonshire - is a rare opportunity for anyone looking to enter F1 to buy a state-of-the-art facility at a knock-down price.

BBC sports news correspondent Adam Parsons says the team is for sale for one pound - although any buyer would need to find a budget in the region of 40 million pounds to operate it in 2009.

They have spent much of 2008 working on their 2009 model car, designed under the leadership of Ross Brawn, the man who masterminded seven world titles for Michael Schumacher.
 
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