Sale of BAR to BAT and Honda complete

By Phil Huff (10/01/2005)
January 13 2005

In one of the shortest press releases ever created, Lucky Strike BAR Honda have confirmed that the sale of the team to a joint venture between BAT and Honda has been completed.

The statement read: BARH Limited, the new 55/45 joint venture between British American Tobacco and Honda Motor Co., Ltd, has completed the acquisition of the BAR Formula One racing team from administrators Grant Thornton.