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Honda Racing are gearing up to begin pre-season testing ahead of the Australian Grand Prix in Melbourne, autosport.com can reveal.

Despite no confirmation that a buyer has been found to secure the future of the Brackley-based outfit, autosport.com has learned that with the 2009 car now ready, team personnel have been instructed to get ready to go testing.

It is not clear whether the preparations are advanced enough for the outfit to be in a position to run at next week's group test at Jerez, but at the latest the team should be able to join the final major get-together at Barcelona later next month.

There is also the possibility that the team could conduct a shakedown in the United Kingdom prior to any testing on the continent.

There has been no official confirmation from Honda on plans to test, nor has there been any further official news on the future of the outfit since Honda CEO Takeo Fukui said earlier this week that he could see no 'serious buyer' for the outfit.

As autosport.com reported earlier this week, it still appears that the most likely outcome is a management buy-out led by team principal Ross Brawn.

Sources suggest that the only other potential bidder for the team was informed in the last 24 hours that they had been unsuccessful.

A Brawn buyout would be funded by finance from the Honda Motor Company, television rights money from Bernie Ecclestone, plus sponsorship income that could come from signing Bruno Senna.

The involvement of Honda's CEO Nick Fry in the buyout remains unclear - with widespread conjecture suggesting that he will not be involved in the takeover. However, sources have told autosport.com that talk of his departure from the team is 'speculation'.