GrandPrix.com now claims that “multiple sources” are confirming their reports that the management buyout of Honda Racing F1 has now been agreed and that Ross Brawn and Nick Fry will run the team, using Meredes Benz engines, Honda money – plus the money that comes from TV income, plus whatever sponsorship can be found. Jenson Button is said to drive one of the cars, Rubens Barrichello is said to be back in the picture if his experience outweighs the money Bruno Senna can bring. See full article here – Honda management buyout to go ahead
At almost the same time TimesOnline brought this exclusive pretty much confirming the management buyout – Exclusive: Honda saved from the Formula One scrapheap
Autosport claims that Honda Racing are getting ready to begin pre-season testing. There is no news on any buyers or takeover but according to autosport.com the team personnel have been instructed to get ready to go testing. Similar claims have been made by BBC.