As you may know, in December Honda announced that they were leaving Formula One racing and would not participate in the 2009 season. Since then there have been a variety of rumors about who, if anyone would purchase the team. One of the most interesting ones were about the second richest man in the world, Mexican telecommunications tycoon Carlos Slim Hel. The story I read said that Honda was willing to sell their team to him for $1.00. That's a price that even I could afford. Of course, once I had the team I could not afford to even buy them one tire - but that's another story.
Yesterday International Automobile Federation (FIA) president Max Mosley rated the team's chances of being in Melbourne at no more than 70 percent. Now the first race is to be held on March 29, which does not give anyone very much time to pull a team together and race competitively.
The current rumor: The Honda team's hopes of Formula One survival appear to depend on a management buyout led by Ross Brawn and supported by chief executive Nick Fry. It would be interesting if they can afford to run the team. Last year the estimate was over 300 million dollars for the average team. This year changes to the specifications and cars may reduce this by 30%, but that was still too much for Honda.
Along with Honda leaving the sport is the fact that there is no longer a North American race site, nor is there a North American team. Seems a shame we can't do one or the other.
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