Honda CEO reveals three potential buyers


  • Other Sport
  • Saturday, 06 Dec 2008

LONDON: Honda CEO Nick Fry said yesterday a trio of prospective buyers have already expressed a serious interest in taking over the stricken Formula One team.

Fry remains hopeful that new owners will be found and the team will be on the grid for the start of next season in Australia on March 29.

“In the last 12 hours we’ve had three serious people come to us and suggest they would like to buy the team, so we’re still hoping to be there in Melbourne,” Fry told BBC Radio 5 Live.

The development of next year’s car is already at an advanced stage, with Fry believing as a going concern, the team in their present guise should be seen as a valuable commodity.

“The one thing I would say is that this is a completely different situation from prior Formula One teams stopping,” added Fry.

“This team is one of the best funded, has the best assets, the best resources in the pit lane, a fantastic group of people, and a car designed by Ross Brawn, who has won many world championships, and is ready to go next year.

“I think we are going to be a desirable asset for somebody. We are very hopeful, as are most of the commentators in Formula One, that this team is going to take a big step upwards, so it is a big opportunity for somebody.”

Formula One supremo Bernie Ecclestone, who faces the prospect of running an 18-car grid next season, firmly vouched for Honda’s potential credentials.

“It’s a big, big shame for Honda because I have no doubt they would have been running in the top four next year without any problems,” he said.

“They have spent a lot of money to put themselves in that position, so if anyone does want to be in Formula One, this is a team they should certainly look to buy.” — AFP

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