The Guardian and GMM have announced that an intermediate solution has been found to secure the first four races for the Brackley-based F1 team formerly known as Honda F1. It is understood that they have raised $30MM, mainly due to Bruno Senna’s sponsor money from Brazil, in cash to run the team and keep them on the grid temporarily until further funding can be secured.
They also suggest that the team will feature Bruno Senna and Jenson Button and that Mercedes will be the engine shoving the Brawn designed 2009 chassis.
Feb.13 (GMM) The team currently known as Honda will be in Melbourne, but has secured enough backing to guarantee its presence at only the subsequent three grands prix.
The Guardian on Friday agreed with speculation and reports that an immediate solution to the Brackley based squad’s situation, following the withdrawal of owner, sponsor and engine supplier Honda Motor Co., has been found.
But, citing sources “close to the” team, the British newspaper said the secured $30m funds, in part thanks to Brazilian sponsors backing the rookie Bruno Senna, may get Honda to only Australia, Malaysia, China and Bahrain.
The report also said Senna and Jenson Button will be powered by Mercedes-Benz V8 engines.