Honda team principal Ross Brawn and Mexican billionaire Carlos Slim have denied they are in talks over a potential takeover of the Formula One team.
Italian newspaper La Stampa reported Slim, who owns telecommunications company Telmex, had bought Honda's F1 arm and that drivers Jenson Button and Bruno Senna would be confirmed as the 2009 line-up.
But the Telmex racing team, which Slim also owns, issued a statement on its website denying any deal had been done.
It read: "The Telmex Team can confirm that Carlos Slim Helu has not bought the Honda Formula One team nor is holding any negotiations to do so."
Slim was reportedly one of four interested parties in negotiations to buy the troubled outfit following the withdrawal of the Japanese car giants from the sport earlier this month.
Brawn said: "We would love it if it were 1 but it's pure speculation from various members of the media. It's just been one of those rumours which has developed a life of its own."
But Brawn insisted talks were progressing with other parties and revealed the team could stay in business through to the season opener in Melbourne at the end of March.
"We're all hopeful that something will happen and we're anxious to turn up the wick again in the new year," he said.
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