Zoom An unlikely scenario with Fry taking over the F1 team

Just over a month after Honda's decision to withdraw from Formula One, hopes are still alive that the Brackley-based team will be rescued in time for the new season.

Representatives of the outfit attended the Heathrow meeting of the Formula One Teams' Association on Thursday, and afterwards made a point of distributing the joint press release.

Current Honda F1 Chief Executive Nick Fry insists that about a ‘dozen’ serious buyers are still in the frame, while the Daily Telegraph claims that the 52-year-old Briton himself may be positioning as one of them.

The newspaper said Honda is prepared to spend more than €70m to 'facilitate a smooth takeover' which would 'buy time for Fry to find new sponsors'.

The newspaper also said another serious bidder, the Greek shipping tycoon Achilleas Kallakis, 'expressed dissatisfaction' with the reception to his interest and may have joined Prodrive boss David Richards in going cold on a buyout.

E.A, Source: GMM
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