The Honda Formula 1 team has admitted it is currently negotiating with Richard Branson's Virgin Group. The Virgin group have made a bid to purchase the Brackley based team.
"We are negotiating with several buyers and one of these parties is the Virgin Group," a Honda spokesperson said.
According to speculations Honda is talking to several companies who could be a possible buyer. The team is confident to be at the opening race at the end of March in Melbourne.
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