Virgin owner Richard Branson is looking to expand his empire into Formula One
British businessman and owner of Virgin, Richard Branson is keen on taking over the Honda Formula One team, according to Bernie Ecclestone the sports commercial chief.
After speculation about Branson's involvement in a late bid to buy the faltering team, Ecclestone confirmed on Thursday night that he has contacted Branson's Virgin Group directly to discuss the deal.
Ecclestone said that as far as he was aware, "Branson was pushing to try and get a takeover sorted - ahead of meetings in Japan this week to discuss the future of the team."
Ecclestone said: "I've spoken to Richard's people about it. He would love to do it.
"I'd like it very much. It would be super. We're working to try to make it happen." - Branson
It now appears that the Virgin Group bid is the only viable alternative to a management buyout being put together by team chiefs Nick Fry and Ross Brawn. It is understood by various news makers that other potential bidders have been told the team do not wish to go ahead with their deals.
However, a final decision about the future of the team would rest on what parent company Honda decides to do - with the chance of disbanding the team still a possibility due to financial issues.
Parent company Honda will have final say on Bransons offer
Ecclestone said it was now up to Honda to decide which path to follow, with a final decision expected early next week.
"I have no idea which way it will go. I wouldn't bet on it either way," said Ecclestone.
Branson already has an airline, train company and looks to be the first firm which can provide commercial space travel to the world, is he the right man to take over a formula one team? i think so, you decide...
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