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Created Wed 18th Feb 5:58am PST by davidlaw

Will Virgin's bid for the Honda F1 Team be accepted by the Honda board of directors?

Background: Honda has confirmed Richard Branson's Virgin Group have made a bid to purchase its Formula One team.

The Japanese carmaker hopes a deal can be made in time for the start of the 2009 season in Australia on 29 March.

Settlement details:As reported by a major mainstream news source.

 
Forecast history %
Yes
20%
No
80%
Settled as No on Fri 6th Mar 7:42am PST

Suspend date: Sun 29th Mar 11:59pm PST
Settlement date: Fri 6th Mar 7:42am PST
Prediction cut-off: Predictions on this question after Thu 5th Mar 6:55pm PST have been voided because they were made after the question could be settled

Initial likelihoods: Yes: 50%

Action history:

Created Wed 18th Feb 5:58am PST by davidlaw
Settlement requested Fri 6th Mar 12:21am PST by jamesc: This has been finalized
Settlement requested Fri 6th Mar 1:30am PST by nc_100: Should be settled as no. http://news.bbc.co.uk/sport1/hi/motorsport/formula_one/7927488.stm
Settlement requested Fri 6th Mar 3:06am PST by jamesc: The Honda deal is complete (not with Virgin)
Settlement requested Fri 6th Mar 3:48am PST by pauliharman: Management buy-out of the team has taken place.

http://news.sky.com/skynews/Home/UK-News/Honda-Formula-One-Team-Jenson-Button-And-Rubens-Barrichello-To-Race-As-Brawn-GP/Article/200903115235762?lpos=UK_News_Second_UK_News_Article_Teaser_Region_1&lid=ARTICLE_15235762_Honda_Formula_One_Team_Jenson_Button_And_Rubens_Barrichello_To_Race_As_Brawn_GP
Suspended Fri 6th Mar 6:24am PST by chris[Admin]: Suspended pending settlement
Settlement requested Fri 6th Mar 6:24am PST by chris[Admin]: Settle as no. Recommend a cutoff time of : March 5, 2009 21:55 EST
(which is the time of http://www.bloomberg.com/apps/news?pid=20601101&sid=ajkWVVv4Cfoo&refer=japan) (market suspended)
Settled as 'No' Fri 6th Mar 7:42am PST by mrperfkt[Admin]: Honda F1 Back In The Fast Lane As Brawn Team

http://news.sky.com/skynews/Home/UK-News/Honda-Formula-One-Team-Jenson-Button-And-Rubens-Barrichello-To-Race-As-Brawn-GP/Article/200903115235762?lpos=UK_News_Second_UK_News_Article_Teaser_Region_1&lid=ARTICLE_15235762_Honda_Formula_One_Team_Jenson_Button_And_Rubens_Barrichello_To_Race_As_Brawn_GP

http://www.bloomberg.com/apps/news?pid=20601101&sid=ajkWVVv4Cfoo&refer=japan

The story appears to have been out around March 5, 2009 21:55 EST, which will be the cut-off as the outcome was known at that time.

Suspend date: Sun 29th Mar 11:59pm PST
Settlement date: Fri 6th Mar 7:42am PST
Prediction cut-off: Predictions on this question after Thu 5th Mar 6:55pm PST have been voided because they were made after the question could be settled details

 

Predictions (148)

37 weeks ago
bohnanza predicted No (H$1,000 at 85%)
37 weeks ago
f1_robbeh predicted No (H$40 at 85%)
37 weeks ago
tsmith4 predicted No (H$5,000 at 83%)
37 weeks ago
chris[Admin] predicted No (H$1,000 at 80%)
37 weeks ago
bohnanza predicted No (H$1,000 at 79%)

Comments (3)

  1 cisse
Would it be called virgin f1
posted 39 weeks ago
  2 f1_robbeh
Fairly sure it is just brandson trying to get free PR. His net worth is 'only' £1bn, even after cost cutting it'll take £100m a year to run a midfield team, he simply can't afford it.
posted 38 weeks ago
  3 ejayz
If I were Honda I would sign..Virgin is a brand name power house!!! The marketing tie ins would be endless..
posted 38 weeks ago

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