Branson may rescue Formula One team

12 April 2012

Virgin boss Sir Richard Branson has signalled that he might be prepared to step in to rescue the Honda Formula One motor racing team.

The British-based team was put up for sale in December after the parent company in Japan announced it was quitting the sport as both a constructor and engine supplier.

Sir Richard refused to confirm reports that he was already in negotiations with Honda over the purchase of the team.

However, in an interview with BBC Radio 4'S Today programme, he emphasised his enthusiasm for the sport while making clear that it would have to change if Virgin was to become involved.

"I love Formula One. I think that there are faults there that would need to be rectified before we moved into Formula One," he said.

"We would need to be sure that Bernie Ecclestone is running it so that the teams can make ends meet and we would need to be sure that he is on a path to try to turn Formula One a sport that is championing green technology.

"It would be great fun and subject to those two provisos maybe something might be able to get sorted out.

"With the Virgin brand expanding on a global basis, it is certainly something that is attractive."

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Create Account you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy policy .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in