A blog bringing you all the latest Formula 1 and Grand Prix news, information, gossip and opinion. Putting a human face to a commercial sport.

Tuesday, 3 March 2009

Honda Update

The deal with Virgin seems a no go... However there are rumours in the British press that Honda will be sold to the former Honda management and partly funded by Honda. With the former Honda management finding the rest of the money through sponsorship.

Rumours are also afoot that the staff will be chopped from near on 730 to in the region of 400 and Jenson Button's salary will be halved from $10 million to $5 million. As well as the top management taking a substantial pay cut.

With 3 weeks left time is of the essence.

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