3 Potential Buyers Express Interest In Buying Honda

3 Potential Buyers Express Interest In Buying Honda

3 Potential Buyers Express Interest In Buying Honda

Honda F1 Racing


Honda Racing CEO Nick Fry says his team has already received interest from three potential buyers since its parent company declared it was withdrawing from Formula 1 on Friday morning.

Honda is now looking to sell the Brackley-based squad before the season opener in March, after it withdrew from the sport due to the global financial crisis.

“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.”

Fry admitted that his team had struggled in recent years – having finished ninth in this year’s constructors’ championship and eighth the year before – but maintained it presented a great opportunity for someone wanting to invest in Formula 1.

“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,” he said.

“It’s a big opportunity for somebody.”

Read more on this:

Honda Withdraws From Formula One

Honda’s F1 Departure Could Shock Global Motorsport

Honda Races Against Time To Find A Buyer For Formula 1 Team Ahead Of 2009 Season

Honda Will Still Compete In Superbike

F1 Boss Bernie Ecclestone Called Honda’s Exit A “Wake-Up Call” For The Sport

Had Honda Stayed In F1, They Had “A Race-Winning Car”

Read the full story

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