Formula One news

Mexican billionaire denies Honda bid

The Mexican billionaire, Carlos Slim, has denied he is in talks about a possible take over for the Honda F1 team. Italian newspaper La Stampa claimed this weekend the owner of telecom firm Telmex was in the closing stages of the take over.

A statement from Telmex said: "The Telmex Team can confirm that Carlos Slim Helu has not bought the Honda F1 team nor is holding any negotiations to do so. Therefore all information related to this subject has no basis and is completely false."

Honda F1 team boss Ross Brawn confirmed by telling the Daily Telegraph: "We would love it if it were true but it's pure speculation from various members of the media. It's just been one of those rumours which has developed a life of its own."

Brawn furthermore said about the current negotiations: "There has been a huge amount of interest. It's now got to the stage where we need to filter out the serious from the not so serious. We're all hopeful that something will happen and we're anxious to turn up the wick again in the new year.

"We haven't really lost anything yet as it has still only been a few weeks. Everything is in place although we have had to turn down various programmes. We have enough funding to get us through to Melbourne and we still have a competitive package."

more news

• 24 Nov.
  • Briatore verdict expected in January
  • Donington still hopeful over F1 race
  • Montreal race confirmation imminent
  • Massa names drivers for karting event
  • Campos car passes FIA safety tests
  • Strong test could seal drive, says Mallya
  • Force India to test di Resta and Hildebrand
  • Courts to hear Briatore case
  • Silverstone GP deal forthcoming
• 23 Nov.
  • GPUpdate TV: Sam Michael - building on 2009
  • Theissen waiting on entry decision
  • Mercedes delighted with Rosberg confirmation
  • Confirmed: Rosberg to Mercedes for 2010
  • Manor hoping to run in late January
  • Mercedes poised to announce first driver
  • Kobayashi: I expected to be re-signed
  • Nakajima future in Toyota's hands
  • Klien still hoping for 2010 seat
  • McLaren line-up will work, says Ecclestone
  • López: USF1 deal coming next week
• 22 Nov.
  • Photos: 2009 Toyota Motor Sports Festival
  • Vettel surprised by Button team switch
• 21 Nov.
  • Mercedes: No Schumacher drive with us
  • López close to USF1 deal
  • Options open for Bourdais
• 20 Nov.
  • FIA was using new teams, says Lola
  • Rossi and Newey to contest endurance race
  • Wolff: Worth of privateers on the up
  • Equity sale for 'private motives' - Williams
  • USF1 considering 12 drivers
  • Photos: SKUSA karting event, Las Vegas
  • Buemi and Schumacher to kart in Las Vegas
  • Clock ticking for Silverstone
  • Williams sells first shares
  • Official: Bianchi handed Ferrari test
  • My door is open, says Trulli
  • Button: I needed a new challenge
• 19 Nov.
  • Brawn 'very disappointed' with Button outcome
  • Sons release birthday song for Jackie Stewart
  • Räikkönen: No talks with Brawn

Homepage