| NEWS | Honda bought BAR - report | ||
| DRIVERS STANDING |
11-18-2004 (GMM -- Nov.18) Honda has bought a 40 per cent chunk of Formula One team BAR, numerous media outlets claimed on Wednesday. Brackley-based BAR, presently owned by British American Tobacco, agreed a deal - said to involve the handover of a non-controlling stake of the shareholding - to the Japanese carmaker. It is also reported that David Richards will make way for a new Honda-appointed team principal -- Nick Fry. ''There is nothing we can say at this stage,'' Fry was quoted as saying in a BBC article. BAR shareholder and co-founder Adrian Reynard, though, denied that the subject of a sale to Honda was brought up at the last board meeting. But he said he would be 'totally supportive' of the reported buy-out. |
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