Property tycoon interested in Honda F1 team

Achilleas Kallakis

According to Crash.net property tycoon Achilleas Kallakis is deadly serious about acquiring the ex-Honda F1 team. 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.