poor rubensFEBRUARY 12, 2009
Senna signs for Honda?
According to our sources Bruno Senna has now signed for the Honda Racing F1 team - and an announcement that the team will be going ahead will be made soon. The team is expected to use Mercedes-Benz engines and Senna will be partnered by Jenson Button. Backing for the team - the name of which has yet to be announced - is expected to come from Petrobras and probably one or two of Senna's personal sponsors.
It is not clear when the announcement will be made.
There have been some rumours in recent days that the team may have the backing of none other than Bernie Ecclestone. This would not be a surprise as Ecclestone is keen to make sure that the teams are not unanimous within the Formula One Teams' Association (FOTA) and having a financial interest in one of them is a good way to ensure that this happens.
It is believed that the majority of the money to run the team will be coming from Honda itself as it is cheaper to pay to keep the team alive than it is to lay off all the staff.
Brawn GP takes Honda F1’s place on the 2009 F1 grid
Re: For crisis, Honda leaves F1
http://www.grandprix.com/ns/ns21178.html
Re: For crisis, Honda leaves F1
Senna and Honda had been clear for a while already, but there still aren't any good signs of Honda's F1 team getting through this. And even if they could still start the season, they'd be so much behind other teams that, especially with the testing limit, it would be quite pointless imo.
Re: For crisis, Honda leaves F1
Senna don't signed with Honda yet. He's talked this for one brazilian site:
http://tazio.uol.com.br/f-1/textos/8065/
http://tazio.uol.com.br/f-1/textos/8065/
Re: For crisis, Honda leaves F1
Words from Senna's management is that there is nothing signed yet. He and his sponsors are waiting to see if Fry and Brawn are to stay in charge. If that happens, then Senna's chances are high.
- metalhead188
- GP2 Driver
- Posts: 228
- Joined: 08 Dec 2007, 20:54
Re: For crisis, Honda leaves F1
Honda Sale Rumors Gather Speed
The details of the rumour are that Mercedes-Benz will power the newly independent team, and that Jenson Button's teammate will be the Brazilian rookie Bruno Senna, backed by key
sponsors.
http://formula-one.speedtv.com/article/ ... her-speed/
The details of the rumour are that Mercedes-Benz will power the newly independent team, and that Jenson Button's teammate will be the Brazilian rookie Bruno Senna, backed by key
sponsors.
http://formula-one.speedtv.com/article/ ... her-speed/
- metalhead188
- GP2 Driver
- Posts: 228
- Joined: 08 Dec 2007, 20:54
Re: For crisis, Honda leaves F1
'Hostile' third party takeover of Honda F1?
Nick Fry and Ross Brawn's proposed management buy-out of the Honda F1 team could all come to naught with reports of a third party planning a "hostile" takeover of the team.
This past weekend it was reported that Honda stand on the brink of survival thanks to a management buy-out proposal being led by the team's CEO Nick Fry and team boss Ross Brawn.
Added to that there were also reports that F1 supremo Bernie Ecclestone was willing to get involved to ensure that the team makes the 2009 Australian GP starting grid.
"We've been talking to them - whatever happens we'd like to see the Formula One team stay in business," Ecclestone told The Times.
But, according to The Telegraph, neither option may be what Honda decides to take as a third party has also put their name in the hat.
The unnamed company is described by a Honda source as being a "reputable, able to bring long-term financial stability, with a brand image known throughout the world. Formula One would do well to have them on board."
However, the source added that members of Honda's F1 management are viewing the third parties attempts to purchase the team as a "hostile bid."
"The Honda Motor Co. board have to ask themselves what is best for the shareholders first and then what is best for the 750-strong staff," he told the newspaper.
"If they allow a management takeover to go ahead which then fails this could be deemed negligent; a grave concern for all shareholders.
"Furthermore, will the shareholders be happy to continue funding the F1 team even after Honda have pulled out? A failed MBO will also see 750 jobs lost."
The source added: "Will Honda be on the grid in Melbourne? I would say it's 50-50."
Other stories that emerged this weekend claimed that Bruno Senna had signed a deal to race for the team, bringing with him sponsorship money from Brazilian oil company Petrobras and telecommunications firm Embratel.
The Telegraph, though, reports that these rumours are 'untrue' while 'Petrobras have pulled out of a sponsorship deal with Honda for 2009.'
http://www.planetf1.com/story/0,18954,3 ... 44,00.html
Nick Fry and Ross Brawn's proposed management buy-out of the Honda F1 team could all come to naught with reports of a third party planning a "hostile" takeover of the team.
This past weekend it was reported that Honda stand on the brink of survival thanks to a management buy-out proposal being led by the team's CEO Nick Fry and team boss Ross Brawn.
Added to that there were also reports that F1 supremo Bernie Ecclestone was willing to get involved to ensure that the team makes the 2009 Australian GP starting grid.
"We've been talking to them - whatever happens we'd like to see the Formula One team stay in business," Ecclestone told The Times.
But, according to The Telegraph, neither option may be what Honda decides to take as a third party has also put their name in the hat.
The unnamed company is described by a Honda source as being a "reputable, able to bring long-term financial stability, with a brand image known throughout the world. Formula One would do well to have them on board."
However, the source added that members of Honda's F1 management are viewing the third parties attempts to purchase the team as a "hostile bid."
"The Honda Motor Co. board have to ask themselves what is best for the shareholders first and then what is best for the 750-strong staff," he told the newspaper.
"If they allow a management takeover to go ahead which then fails this could be deemed negligent; a grave concern for all shareholders.
"Furthermore, will the shareholders be happy to continue funding the F1 team even after Honda have pulled out? A failed MBO will also see 750 jobs lost."
The source added: "Will Honda be on the grid in Melbourne? I would say it's 50-50."
Other stories that emerged this weekend claimed that Bruno Senna had signed a deal to race for the team, bringing with him sponsorship money from Brazilian oil company Petrobras and telecommunications firm Embratel.
The Telegraph, though, reports that these rumours are 'untrue' while 'Petrobras have pulled out of a sponsorship deal with Honda for 2009.'
http://www.planetf1.com/story/0,18954,3 ... 44,00.html
Petrobras out, Virgin in?
AutosportHonda Racing have lost one of their main sponsors, with Brazilian oil company Petrobras confirming that it does not wish to be part of any plans to save the team.
While negotiations continue to try and secure the future of the Brackley-based outfit, speculation over the weekend had suggested that Petrobras were to be key backers in a rescue deal that would see Bruno Senna elevated to a race seat alongside Jenson Button.
However, not only have Petrobras denied any plans to support Senna, the company has also announced that it does not wish to see through a $10 million (USD) sponsorship deal that it signed with Honda at the end of last year.
Furthermore, without the possibility of linking up with another manufacturer, Petrobras has announced that it will quit F1 entirely because it is only interested in the technical challenges offered by the sport.
However,
Grand PrixThere are rumours that the new bidder for Honda could be the Virgin Group, the venture capital firm that is headed by Sir Richard Branson. This specialises in travel, entertainment and lifestyle products. The company is estimated to be worth $8bn. The broad-ranging empire is not all doing well at the moment with the Virgin Atlantic airline announcing a reduction in its workforce by up to 600 jobs but other businesses doing very well. The lure of F1 is not obvious, apart from as a brand-building exercise, but it could be related to Virgin Fuel. Branson says he is investing $1bn in alternative fuels for cars and airliners. Using F1 would be a good way to promote the idea.
I can't really see Virgin F1 on the grid on Melbourne.
Re: Petrobras out, Virgin in?
Well Virgin have done everything else.They make mobile phones,have an airline,have branches of music stores across Britain...They'd suit F1 down to the ground.
Re: For crisis, Honda leaves F1
A Virgin F1 team, I'd like that, although unlikely to happen, havn't Virgin had to cut some jobs recently?
Another independent team would be good though.
Another independent team would be good though.
Re: For crisis, Honda leaves F1
LOL Nice ,
Honda F1 saved – but only for first four grands prix? http://www.crash.net/Formula+One/News/1 ... _prix.html
Then getting complicated : http://www.grandprix.com/ns/ns21186.html
and then this http://www.grandprix.com/ns/ns21187.html
and Tomorrow u'll see : F1zone buys Honda
Honda F1 saved – but only for first four grands prix? http://www.crash.net/Formula+One/News/1 ... _prix.html
Then getting complicated : http://www.grandprix.com/ns/ns21186.html
and then this http://www.grandprix.com/ns/ns21187.html
and Tomorrow u'll see : F1zone buys Honda
Re: For crisis, Honda leaves F1
Its not hard to buy Honda-Its available to buy for only 1 pound...Shame you have to pay for everything else though.But seriously,in the future could you have an internet-owned F1 team?I think its more than possible,serious.
Re: For crisis, Honda leaves F1
I think we should buy Honda seriously, buy it, then sell it for a profit. If no-one buys it we still own it we just didn't race. But we could get sponsorship, every main member chip in some dosh, start a fund on facebook/msn whatever. we could raise a lot
Re: For crisis, Honda leaves F1
I think we'll have 18 cars this season , they’d never get the team ready in time
- metalhead188
- GP2 Driver
- Posts: 228
- Joined: 08 Dec 2007, 20:54
Re: For crisis, Honda leaves F1
F1: Virgin Group Bid For Honda F1 Team
Written by: SPEED Staff / GMM
02/18/2009 - 11:46 AM
A source close to the Brackley based Formula One team has confirmed that Virgin Group is the late bidder hoping to buy the beleaguered outfit.
It has been rumoured that Virgin, headed by the flamboyant British billionaire Sir Richard Branson, was the unnamed third party who stepped in and scuppered the progress of the Nick Fry and Ross Brawn-led management buyout.
"They have made a bid to purchase the team," the source, requesting to remain unidentified, was quoted as telling Reuters.
An official Honda spokeswoman declined to comment, and a spokeswoman for Virgin Group said the company is "constantly named in speculation and rumour".
Virgin has been
involved with F1 before; with the Virgin Mobile brand at the Jordan team in 2002, while the Japanese Takuma Sato was driving.
Virgin Atlantic Japan still sponsors Sato, who narrowly missed out on a Toro Rosso seat for 2009.
32-year-old Sato's manager Andrew Gilbert Scott said earlier this month that he is "looking ahead for the next opportunity" for his client to rejoin F1.
Branson is also believed to be friends with Adrian Reynard, a co-founder of Honda's former BAR guise.
The team's Brackley headquarters is even located at Reynard Park, but the Reuters source did not know if the 51-year-old Briton is involved with the Virgin bid.
Written by: SPEED Staff / GMM
02/18/2009 - 11:46 AM
A source close to the Brackley based Formula One team has confirmed that Virgin Group is the late bidder hoping to buy the beleaguered outfit.
It has been rumoured that Virgin, headed by the flamboyant British billionaire Sir Richard Branson, was the unnamed third party who stepped in and scuppered the progress of the Nick Fry and Ross Brawn-led management buyout.
"They have made a bid to purchase the team," the source, requesting to remain unidentified, was quoted as telling Reuters.
An official Honda spokeswoman declined to comment, and a spokeswoman for Virgin Group said the company is "constantly named in speculation and rumour".
Virgin has been
involved with F1 before; with the Virgin Mobile brand at the Jordan team in 2002, while the Japanese Takuma Sato was driving.
Virgin Atlantic Japan still sponsors Sato, who narrowly missed out on a Toro Rosso seat for 2009.
32-year-old Sato's manager Andrew Gilbert Scott said earlier this month that he is "looking ahead for the next opportunity" for his client to rejoin F1.
Branson is also believed to be friends with Adrian Reynard, a co-founder of Honda's former BAR guise.
The team's Brackley headquarters is even located at Reynard Park, but the Reuters source did not know if the 51-year-old Briton is involved with the Virgin bid.
Re: For crisis, Honda leaves F1
as usual, if honda do find a buyer they'll probably end up in the last two grid spots the whole season anyway.