F1 News, Views and Reviews

Ecclestone Reckons Honda Won’t Be A Great Loss To F1

Bernie Ecclestone reckons that Honda won’t be a huge loss to Formula One as a sport, citing their serious spending as ‘wasteful’.

The 78 year old veteran of Formula One thinks they set a bad example to F1 teams by spending an absolute fortune and ending up pretty much nowhere, 9th in the constructors championship in 2008.

They were much more successful as an engine manufacturer, and through Mugen their tuning company partner.

“Honda will be no great loss,” he said at the London boutique Moussaieff, where he was promoting an event involving his daughter Tamara.

“Just look at where they finished in the championship – ninth. They wasted millions and were a bad example to other teams.”

“In Formula One, teams come and go. It’s not the end of the world. Only Ferrari has been there since the start.”

“Now they’ve gone, we’ve got a chance to bring in some sense to the teams about how much they should spend.”

Meanwhile he told the Telegraph newspaper that a buyer for the team should be unveiled within the week.

He said: “I’m keen for the team to be kept in place. We have whittled it down to three serious potential buyers.”

Bernie Ecclestone (right) with Takeo Fuki (left) and a Honda official

Bernie Ecclestone (right) with Takeo Fuki (left) and a Honda official

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