From GMM
According to a British newspaper report, the potential sale of Brackley based Honda F1 team could be the subject of a government investigation.
The Daily Mail said the Department of Trade and Industry has been asked to step in amid suggestions team chief executive Nick Fry could be operating both as a mediator to potential buyers, as well as a potential buyer himself.
The newspaper said the Member of Parliament Tim Boswell, representing the area in England including Honda's Brackley headquarters, has responded to the concerns of team staff of a potential conflict of interest.
"The level of anger and frustration at the factory is unbelievable," an insider is quoted as saying. "We wonder whether Nick is doing the right thing by wearing two hats."
Fry was quick to reply.
"I would like to make clear that Honda Motor Company, as the owners of the Honda Racing F1 Team, will decide on the future of our team following their decision to withdraw from Formula One," Fry told Autosport.com.
"At all times during the process of securing the future of the team, senior managers from Honda Motor Company have been present at our HQ in Brackley to assist in making decisions and we have taken legal advice at all times, to ensure no conflict of interest."
photo:Honda
According to a British newspaper report, the potential sale of Brackley based Honda F1 team could be the subject of a government investigation.
The Daily Mail said the Department of Trade and Industry has been asked to step in amid suggestions team chief executive Nick Fry could be operating both as a mediator to potential buyers, as well as a potential buyer himself.
The newspaper said the Member of Parliament Tim Boswell, representing the area in England including Honda's Brackley headquarters, has responded to the concerns of team staff of a potential conflict of interest.
"The level of anger and frustration at the factory is unbelievable," an insider is quoted as saying. "We wonder whether Nick is doing the right thing by wearing two hats."
Fry was quick to reply.
"I would like to make clear that Honda Motor Company, as the owners of the Honda Racing F1 Team, will decide on the future of our team following their decision to withdraw from Formula One," Fry told Autosport.com.
"At all times during the process of securing the future of the team, senior managers from Honda Motor Company have been present at our HQ in Brackley to assist in making decisions and we have taken legal advice at all times, to ensure no conflict of interest."
photo:Honda