About Us   Jobs   Contact Us      


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.


CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. No person, organization and/or company shall reproduce, disseminate or broadcast the content in any manner whatsoever without the express written permission of CRIENGLISH.com.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

Also on our site
China | World
• Russian Natural Gas Supplies to Balkans Halted
• Three Israeli Soldiers Killed in Friendly Fire in Gaza
• Polanski's Lawyers Seek to Have Sex Case Dismissed
• Foreign Journalists still Not Allowed into Gaza
• US VP-elect Joe Biden to Visit Pakistan
• China Curbs Overseas Trips on Public Expense
Business | Sports | SciTech
• China Issues Long-awaited 3G Licenses
• Wahaha, Danone Start Trademark Arbitration
• GM Reports 31 Percent Sales Decline in U.S. Market
• Call for More Overseas Talents
• Bulgarian Figure Skating Champion Sentenced to 2.5 Years in Prison
• China's Mission to Mars Set for Take-off
Life | Showbiz
• A Seemingly Endless Scandal
• Asian Art Top Show Kicks off in Beijing
• Behind-the-Scene Photos of "Look for a Star"
• Universal Pictures Movies Set New B.O. Record in 2008
• Tan Dun's Deep Pool of talent
• Top 10 Shows in 2008 
• China Drive, Afternoon, 2009-01-07
• China Drive, Afternoon, 2009-01-06
• China Drive, Morning, 2009-01-06
• Official Property Declaration System
• India handed over evidence of Mumbai attacks to Pakistan
• EU delegation holds talks to push for a cease-fire in Gaza
• Mubarak Meets with EU Troika on Gaza Situation
• Bush says any Gaza ceasefire must stop Hamas rocket fire
View the Messages