It is almost official! Honda Racing will not disband but will become a private team called Brackley F1 (name borrowed from the town where the team has its headquarters), being taken over by managers Ross Brawn and Nick Fry and financed with money from several sources, among which include the current owner of the team, the Japanese car manufacturer Honda.
Another news is that the British driver Jenson Button will remain with Honda accepting reducing its annual earnings by 50%, from 11 million to 5.5 million, the alternative being to remain outside the grid to start this season if Honda Racing had been disbanded, the other nine teams letting pilots and already for 2009.  Read more... (555 words, 4 images, estimated 2:13 mins reading time)