UK Government to Investigate Honda F1 Buyout

Following recent reports in the British media that Honda's F1 team CEO Nick Fry may be interested in buying the Brackley-based team from the Japanese manufacturer, it seems that the British government will supervise & investigate the buyout themselves.

According to the Daily Mail newspaper, the British Department of Trade and Industry will allegedly look into the matter following several complaints issued by unidentified staff members from Brackley headquarters to Tim Boswell, Member of Parliament for the Daventry region – which also includes Northamptonshire.

If rumors are true, then Nick Fry trying to buy Honda's F1 operations would lead to a conflict of interests, as the Englishman was also delegated by the Japanese manufacturer to mediate the transaction.

“The level of anger and frustration at the factory is unbelievable. We wonder whether Nick is doing the right thing by wearing two hats. The DTI will be keen to make sure that Honda find the best, most competitive buyer,” said an F1 insider, according to the aforementioned source.

Fry refused to comment the rumors about his alleged involvement as a potential buyer. He recently revealed that he cut the number of potential buyers to 12 (from 30) and forwarded the list to Tokyo. Several contenders have already pulled out of the bid, including Prodrive boss David Richards and Force India's Vijay Mallya.

Fry has until January 31st to find Honda a buyer of their F1 operations. After that term, it is believed that the Japanese manufacturer will cease all payments to the Brackley headquarters.
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