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[Jensonb]

According to papers Fry will be envolved.

According to the papers, Gordon Brown is responsible for every rainy day

In all seriousness though, RealHonda F1 says Fry is out and they have a history of accuracy with regards to internal stuff at the Brackley team

I wonder whats going on with Bernine tho, is he giving money to be part of the teams managment or just from TV rights?

i seriously hope its the latter,

According to reports, he's advanced their television income.

Indeed, for one thing no one is 100% sure it's legal for him to fund a team. Most people are 100% sure it isn't

[Jabberwocky]

On the legal side how would it not be right for Bernie to own part of a team? You could also say that it is not legal for him to own the Istanbul track

However I do agree that he should not have internal info from FOTA

[EwanM]

On the legal side how would it not be right for Bernie to own part of a team? You could also say that it is not legal for him to own the Istanbul track

However I do agree that he should not have internal info from FOTA

Or his wife Spa back in the day.

[McLaren Fan]

From F1 Live:

Jenson Button has agreed to cut his 2009 retainer in half as the Honda team survives the withdrawal of the Japanese manufacturer.

A management buyout headed by Ross Brawn has apparently been green-lighted by the carmaker's Tokyo board, but it will mean a drastically reduced budget this season.

The Daily Telegraph claims up to 300 of the 700 Brackley-based staff will be shed, while 29-year-old Button voluntarily cuts his contracted $15m salary for this season in two.

Some of the Brackley staff, however, are reportedly unhappy with the Brawn buyout and prepared to strike.

If Honda had folded the team, the manufacturer would have dished out healthy severance packages, while under the Brawn deal, many staff will still be shed but not compensated as handsomely.

Those surviving the job cuts face pay cuts.

E.A, Source: GMM
© CAPSIS International

[EwanM]

Why doesn't he cut it to the bare minimum? 7m is still more than alot of the drivers on the grid get atm.

at least then he'd have no hefty license fee to pay

[EwanM]

Oh wait he didn't exactly score many over the past two years anyways.

[Jabberwocky]

God bless Jenson willing to undergo a 50% paycut. That is dedication for you

[Jensonb]

On the legal side how would it not be right for Bernie to own part of a team? You could also say that it is not legal for him to own the Istanbul track

However I do agree that he should not have internal info from FOTA

He would control the Commercial Rights influence and a Team, which is apparently not cool under the agreement between teams, the FIA and the Commercial Rights Holders

Plus, it's just plain shady.

[Rivelution]

Dang they're hangin in there by the skin of their teeth. I hope they find a sponsor... soon.

[Denthúl]

God bless Jenson willing to undergo a 50% paycut. That is dedication for you

Dedication would be dropping to minimum wage. I help to provide children (read: future engineers and aerodynamicists (said with much shifty-eye motion)) with the necessary resources and support to complete their education and that's all I get

[Jabberwocky]

I am a serviceman and as such we get ignored when they go on about minimum wage and human rights, that is another story

[EwanM]

God bless Jenson willing to undergo a 50% paycut. That is dedication for you

Dedication would be dropping to minimum wage. I help to provide children (read: future engineers and aerodynamicists (said with much shifty-eye motion)) with the necessary resources and support to complete their education and that's all I get

My sentiments exactly. How about he takes 80%

[headless]

Yeah see if he carries on at minimum wage.

[irons_4_ever]

The former Honda team have been saved and will race in Formula One in 2009, according to chief executive Nick Fry.

Honda pulled out of F1 in December as a result of the global financial crisis, leaving the British-based outfit to search desperately for a buyer.

But Fry said the team had survived thanks to recent cost reductions in F1.

"All the teams and their support have helped us preserve our team. So I, [team principal] Ross [Brawn] and our 700 employees thank them," he said.

Fry would reveal no further details - including how the team would be funded or what it would be called - saying only that there would be more news "very soon".

A source told BBC Sport that the team would probably be called Brawn Racing, and that the car would test for the first time at Silverstone on Friday - but that has not yet been officially confirmed.

He was speaking after a meeting of the F1 teams' association Fota, which announced on Thursday its proposals for the future of F1.

"Our team will benefit from Fota," said Fry, who attended the meeting with Brawn.

"The cost reductions will help us over the next two to three years. But equally important is the support we've received from the other teams."

t is unclear who the new owners would be or what the team will be called but speculation has focused on a buy-out led by the current management of Fry and Brawn.

BBC Sport has learned that Englishman Jenson Button will be one of the drivers.

The second seat is between Brazilian veteran Rubens Barrichello and his fellow countryman and F1 novice Bruno Senna, the nephew of three-time world champion Ayrton Senna.

There have been widespread reports this week that Barrichello has won the drive, but a source close to Senna told BBC Sport that his management was still in negotiations with the team.

The car will be fitted with a Mercedes engine.

Even if the team make it to the final pre-season test in Barcelona in mid-March, they still face an uphill struggle to be competitive at the start of the season.

At the time of Honda's withdrawal, Brawn expressed his belief that the car could run in the top three in 2009, despite the team's poor form in the last two years.

But the recent uncertainty will have affected development effort and they have lost running time to their rivals, most of whom have completed at least two full four-day tests already.

http://news.bbc.co.uk/sport1/hi/motorsp ... 911490.stm


great news i think, like honda as i like Brawn and nice to have them still in formula 1


I couldnt see this posted anywere if it is im sorry

[Jensonb]

Presented for your consideration:

Team will test tomorrow (Friday) at Snetterton in new colours.
Name is Brawn Racing. Nick Fry is lesser partner, Brawn major partner.
Mike Gascoyne is new Technical Director
Team colours predominately metallic blue, splashes of white and red.
MAJOR sponsor get - possibly PepsiCo.
Full livery unveiled Thursday before Australian Grand prix
Drivers are Jenson Button (1 year deal, reduced salary with Points Bonuses to make some of it up for good performance) and Rubens Barrichello (Paid per Point plus travel expenses)
Mercedes KERS to be fitted by mid-season (Force India have agreed not to take issue with this in exchange for Mike Gascoyne dropping legal battle)

Believe all this, don't believe it. Up to you. But this is the information I'm getting from an insider.