Bernie Ecclestone has revealed that he is closely involved in the sale of Honda's Formula One team.

With the Japanese carmaker's end-of-month deadline for a rescue deal looming, Ecclestone told Sport Bild that he is looking over those who are bidding for the Brackley-based outfit.

"I am helping with the rescue of the team," he confirmed to the German magazine. "I am playing the role of mediator."

Should a buyer not be found by the end of January, F1 - of which Ecclestone's is Chief Executive of the commercial rights holding company Formula One Management - faces the prospect of a season with just 18 cars on the grid.


The sale process appeared on shaky ground when team CEO Nick Fry recently had to deny that his role in vetting rescue bids and his interest in a management buy-out is a conflict of interest.

But a spokesman for the UK government's Department for Business Enterprise and Regulatory Reform (BERR) has subsequently clarified that no investigation has been either commenced nor requested.

Source: GMM
© CAPSIS International

 

Oh god... This is bad news. Everything Bernie touches turns to shit. No way will Honda be bought now!