Honda has revealed it currently has no serious buyers to take over its Formula One team.
The company announced last year that it was pulling out of the sport, blaming the global economic crisis.
The deadline for an agreement to buy the team is believed to be this week, one month before the 2009 season's first race in Melbourne.
Honda President Takeo Fukui says there are various offers for the team but we haven't seen any serious buyer.
It is thought the team are up for sale for 1 pound although any buyer would need to find a budget in the region of 40 million pounds or 120 million New Zealand dollars to run the outfit for the new campaign.
A management buyout, led by current chief executive Nick Fry and team boss Ross Brawn, has been mooted for some time.
The Japanese automaker has struggled to raise sponsorship for its under-performing team, spending an estimated 580 million dollars of its own money but finishing ninth overall last season.
