Each day it seems there is another rumor about who will take over the Honda team. I'm waiting for a bid by Disney World. Well it seems that the participants who might buy the team are becoming a smaller and smaller group. Last week I thought Virgin Airlines might be the final bidder. But no. Today in the news The Daily Telegraph (of Paris?) said that "that chief executive Nick Fry, team principal Ross Brawn and three other directors have convinced Honda's board in Tokyo to hand over a sum, believed to be in excess of 100 million dollars, to enable the new team to continue racing in 2009 at least."
I'm still trying to figure that statement out. Are the buyer's paying Honda or is Honda paying them? Could not tell from that report.
As part of the story it did mention that Honda's chief driver Jenson Button would be forced to take a pay cut of 7.5 million dollars while around 300 jobs would be lost at the team's base in Brackley, central England.
That has got to be a blow to someone. Imagine having to take an almost 8 million dollar pay cut. Wow. Now that's a bad day. Of course the alternative would be to see no one buy the team, and everyone taking a 100% pay cut.
Well it will be an interesting formula one season which starts in just four weeks. Lots of cuts, changes in rules and less teams.
Comments or E-mail me
Honda Accord Performance Articles
Honda Accord Appearance Articles
Thanks for visiting.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment