Wednesday, December 10, 2008

Honda will assist buyer - Mosley

Honda Racing
Honda quit Formula One last week

Motorsport boss Max Mosley has assured potential buyers of Honda they would be helped by the Japanese company in 2009.

The Northamptonshire-based outfit are looking for new owners after quitting Formula One for financial reasons.

"If a serious buyer came along then Honda would help to keep it going," said Mosley.

"Any person would then be on their own in 2010, but they would get some help in 2009. It becomes a reasonable proposition for an entrepreneur."

Mosley has already outlined his plans for the 2010 season, which would see the introduction of a standardised engine at a cost of £5.49m per season for the three years of the contract.

"If we can get proper measures in place for 2010 then unless something completely out of this world happens, we would be all right for then," added Mosley. "But for now, 2009 is going to be a bit difficult.

We need a stable Formula One, a stable engine, ensuring people can go racing for a reasonable amount of money

Max Mosley, FIA president

"People are taking enormous steps to try to put it right, but because we are in unknown territory and because there are no text books on this, nobody quite knows what is going to happen. All we can do is try to plan for every contingency.

"From a motor sport point of view, nobody knows if it [the economic crisis] is going to get worse, or whether we have seen the worst, or whether it will improve.

"It is essential to plan for the worst case, and to have contingency plans in place to deal with the situation if it does get much worse.

"We have to face facts that Honda pulled out because of falling car sales and there is absolutely no guarantee that the fall won't go further.

606: DEBATE

"If they do, we have to reckon on other manufacturers pulling out of not only F1, but other forms of motor sport, and we have to plan for that."

"We need a stable Formula One, a stable engine, ensuring people can go racing for a reasonable amount of money. Make no mistake, the money is going to go down.

"The manufacturers cannot go on subsidising Formula One to the tune of hundreds of millions of pounds. The sponsors are going to pay less and the money that comes from Formula One Management Limited and Bernie Ecclestone is bound to go down."

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