Brawn GP
Brawn GP was formed on 6 March 2009 when it was confirmed that Ross Brawn, the former technical director for the Honda Racing F1 Team, Ferrari and Benetton teams, had bought the team from Honda for £1 in the wake of the Japanese marque's withdrawal from the sport in December 2008. On 17 March 2009 the FIA officially agreed to the name change from Honda Racing F1 Team to Brawn GP. Although the team can be seen as a continuation of the Honda team, the FIA considered Brawn GP to be an entirely new entry, but Keith Hayes, Vice-President of FIA, agreed to waive the standard entry fee in recognition of the team's circumstances.