F1 News, Views and Reviews

Richards On Verge Of Honda Team Purchase

Reports in today’s Telegraph newspaper have said that David Richards is on the verge of purchasing the former Honda F1 team and its facilities from the Honda Motor Company.

Richards is no stranger to motorsport, or even this team having been the team principal back in the days when it was BAR Honda.

The team is for sale at the nominal fee of £1, and Honda are even offering to wipe its current debts too.  With the current seasons costing around $300million, it would need a wealthy backer even though costs are set to reduce over the next few seasons.

It would see a long time dream of owning an F1 team come to frutition for Richards who managed the failed Prodrive project.

The deal could be clinched by the end of the weekend, and may well convince Jenson Button to stay with the team, rather than head to Toro Rosso after his test next week (below).


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