F1: Rumours tip Virgin as late Honda bidder

From GMM

As the clock to Melbourne clicks down to less than 40 days, the latest rumour in the Honda saga is that Sir Richard Branson may be the mysterious late bidder for the Brackley based team.

It seems clear that the proposed management buyout, led by Nick Fry and Ross Brawn, came close to fruition in recent days, until reports that an "unnamed third party" stepped in at the eleventh hour.

The Daily Telegraph quoted a source as describing the unnamed company as "reputable, able to bring long-term financial stability, with a brand image known throughout the world.

"Formula one would do well to have them on board," the source added.

Could it be Virgin?

On the other hand, Ken Anderson of USF1, the prospective American formula one team targeting a 2010 debut, said he prefers setting up a brand new entrant than rescuing the embattled Honda outfit.


Photo Credit : Honda