F1 »

Greek property magnate in serious Honda F1 bid.

Whilst David Richards' independent Prodrive operation appears to have dropped out of the running and rumours surrounding TELMEX telecommunications tycoon Carlos Slim proved to be entirely unfounded, Crash.net understands that there is another bidder who is extremely serious about the purchase of Honda's defunct Formula 1 team.

The name of Achilleas Kallakis has been tentatively linked with the beleaguered Brackley-based concern on a number of occasions over the past few weeks, but he has never been seen as one of the most serious bidders. Now, however, Crash.net has heard information that suggests Kallakis is deadly serious about acquiring the outfit.

Kallakis boasts a significant property portfolio through his ownership of what is said to be one of the largest private property companies in the UK.

Though he has no prior motorsport experience per se, Kallakis was one of the bidders for Scuderia Toro Rosso when it was officially put up for sale just after the start of the 2008 campaign. Whilst that bid was ultimately unsuccessful, it did enable the 40-year-old to put together a well thought-out business plan and sponsorship package comprising financial backing from two sponsors who have never been involved in the sport before – but who are ready and able to invest as much as £30 million in the first year alone – as well as from his own drinks company.

Kallakis is understood to be keen on F1 for commercial reasons, seeing it as a vehicle by which to promote his various business interests, and as such he is said to be willing to bolster Honda's workforce to bring it up to the level of the top flight's leading teams.

Historically successful in everything he has done, it is contended that the professional poker player would not be entering the sport merely to make up the numbers and is fully aware of the costs involved in such a venture – the very stumbling block that has seemingly put Richards out of the Honda equation.


Related Pictures

Click on relevant pic to enlarge
Jenson Button (GBR) Honda RA108, French F1 Grand Prix, Magny Cours, France, 20th-22nd, June, 2008
27.11.2016 - Race, 2nd place Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Champion 2016 and 3rd place Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, 2nd place Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Champion 2016, Lewis Hamilton (GBR) Mercedes AMG F1 W07 Hybrid race winner and 3rd place Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, 2nd place Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Champion 2016 and 3rd place Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, 2nd place Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Champion 2016 and 3rd place Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, 3rd place Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, 2nd place Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Champion 2016 and 3rd place Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, Start of the race, Daniel Ricciardo (AUS) Red Bull Racing RB12 and Sebastian Vettel (GER) Scuderia Ferrari SF16-H and Kimi Raikkonen (FIN) Scuderia Ferrari SF16-H
27.11.2016 - Race, Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, Jenson Button (GBR)  McLaren Honda MP4-31
27.11.2016 - Race, Jenson Button (GBR)  McLaren Honda MP4-31
27.11.2016 - Race, Marcus Ericsson (SUE) Sauber C34 and Fernando Alonso (ESP) McLaren Honda MP4-31
27.11.2016 - Race, Jolyon Palmer (GBR) Renault Sport F1 Team RS16 and Jenson Button (GBR)  McLaren Honda MP4-31
27.11.2016 - Race,Kimi Raikkonen (FIN) Scuderia Ferrari SF16-H  leads Daniel Ricciardo (AUS) Red Bull Racing RB12
27.11.2016 - Race, Daniel Ricciardo (AUS) Red Bull Racing RB12 leads Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, Kimi Raikkonen (FIN) Scuderia Ferrari SF16-H
27.11.2016 - Race, 2nd place Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Champion 2016, Lewis Hamilton (GBR) Mercedes AMG F1 W07 Hybrid race winner and 3rd place Sebastian Vettel (GER) Scuderia Ferrari SF16-H

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.


06Si K20

January 12, 2009 12:05 AM

The team needs a racer at heart to buy them. If someone of the Frank Williams mindset gets involved I am sure the team will then last more than a year and will attract more investors. Right now all the wrong types are being mentioned. With the news that Dave Richards has pulled out of negotiations, I feel very little hope for the team and its employees. I can't help but feel very disappointed in the way Honda approached this situation. I feel a better way would have been to advertise for a partner or buyer and keep the team alive for this year. Even if they cut back on spending if the employees are worth anything they should be able to compete. Honda, I feel showed poor racing spirit.



© 1999 - 2016 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.